I still like BGs argument (and do consider myself a hacker haha) "It is no different than [the question of] should anybody ever have been able to tell the phone company to get information, should anybody be able to get at bank records. Let’s say the bank had tied a ribbon round the disk drive and said ‘don’t make me cut this ribbon because you’ll make me cut it many times’.“ ( https://www.yahoo.com/tech/bill-gates-sa…
The difference is that ribbon isn't hard to cut and so the bank wouldn't have to develop a whole new type of scissors to cut it and doing so doesn't weaken the security of a bunch of other bank records secured with similar ribbon.