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Reality check

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  • derrybderryb Posts: 36,824 ✭✭✭✭✭


    << <i>they're trying to "catch" folks who want to suck up the benefits of living in an organized secure society but don't want to pay a share of the money earned by virtue of those services. the crooks and cheaters.

    honest people need not worry >>


    No problem with catching tax cheats. Big problem with using fellow citizens to do it. Gestapo tactic, where does it stop? Bad enough law enforcement considers one guilty until proven innocent. Don't care to answer to my neighbors in the same fashion.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • bronco2078bronco2078 Posts: 10,225 ✭✭✭✭✭


    << <i>

    << <i>they're trying to "catch" folks who want to suck up the benefits of living in an organized secure society but don't want to pay a share of the money earned by virtue of those services. the crooks and cheaters.

    honest people need not worry >>



    Wow...I'm fortunate to have such an altruistic government! >>




    Isn't it wonderful? If your productive you have to pay your taxes . If on the other hand you don't feel like working not only do you get to skip the taxes but they give you free money.image




    say no to taxesimage
  • BaleyBaley Posts: 22,660 ✭✭✭✭✭
    Gestapo tactic

    I missed that part of the story. What was the Gestapo tactic?

    Liberty: Parent of Science & Industry

  • BaleyBaley Posts: 22,660 ✭✭✭✭✭

    Liberty: Parent of Science & Industry

  • drwstr123drwstr123 Posts: 7,038 ✭✭✭✭✭
    "Just because you're paranoid doesn't mean they aren't after you”


    ― Joseph Heller
  • ArizonaJackArizonaJack Posts: 4,029 ✭✭✭
    Baley, do you have curtains or shades on your windows? What are you hiding? Of course you wouldn't mind a little look see........just for our mutual saftey of course.....
    " YOU SUCK " Awarded 5/18/08
  • BaleyBaley Posts: 22,660 ✭✭✭✭✭
    I do not want anyone looking in my windows, therefore everyone should be able to do cash transactions of any amount without any restriction from anyone

    Reductio_ad_absurdum

    edit: but to answer your question, no, we do not have window coverings on many of our floor to ceiling or cathedral windows. go ahead and get an eyeful

    Liberty: Parent of Science & Industry

  • jmski52jmski52 Posts: 22,860 ✭✭✭✭✭
    they're trying to "catch" folks who want to suck up the benefits of living in an organized secure society but don't want to pay a share of the money earned by virtue of those services. the crooks and cheaters.

    honest people need not worry


    Geez, Baley. Who do you think are these crooks and cheaters?

    Um, that seems to be the biggest part of the problem we have - too many "folks" who want to suck up the benefits but don't want to pay a share of the money earned. Wow, Baley - I never thought you would get it. I agree totally!!!!!!!!!!!!!!!

    But, who are these people? Who are these crooks and cheaters? Who are these folks who sponge off the backs of tax-paying, hard-working stiffs?

    The problem itself, Baley is that it's the government who decides that the government employees get exemptions from taxes and regulations meant for everyone else.

    Got a conflict of interest? No problem if you are government. Especially if you are in the union. Or if your industry lobbyist is in tight with his Senator.

    Got inside trading info? If you're in Congress, no problem!!!! If you aren't, better watch your ass.

    Need an exemption from obamacare? Move to Nebraska or be a Congressional staffer, or better yet - get on welfare or disability. Voila! Problem solved!!!

    Wanna target your political opposition? Call the IRS! They can do the job for you!!!

    Do you realize that there hasn't been a single prosecution for thievery or malfeasance of any banking institution or quasi-government financial agency following the 2008 financial meltdown?

    Need I continue? On the contrary, honest people DO need to worry.

    What does it hurt to answer intrusive questions honestly? Do you beat your wife? Well? Huh? Do ya? It's the same type of question.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • GrumpyEdGrumpyEd Posts: 4,749 ✭✭✭
    They have some vague rules and each employee has their own interpretation of how to do it.
    Banks used to only care about 10K cash transactions but now they have new rules.
    They word it as "a high degree of usefulness" to "criminal, tax, regulatory investigations".
    There are endless regulations and "usefulness" is a vague word so depending on the tellers interpretation they could try asking anything. It's sort of a reverse law, the law says the bank must report things but no law says exactly what info that you must give the bank other than maybe your SSN or occupation.


    "America’s Bank Secrecy Act requires reporting anything that could have “a high degree of usefulness in criminal, tax or regulatory investigations."

    "Banks are required to know their customers"


    Know Your Customer or Else -- Article
    Ed
  • cohodkcohodk Posts: 19,133 ✭✭✭✭✭
    I choose to not live in fear.
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • PerryHallPerryHall Posts: 46,140 ✭✭✭✭✭


    << <i>I choose to not live in fear. >>



    You don't have to live in fear because Big Brother is looking over your shoulder 24/7........for your safety and security of course.image

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • drwstr123drwstr123 Posts: 7,038 ✭✭✭✭✭


    << <i>I choose to not live in fear. >>



    Why not? It's a free country.
  • BaleyBaley Posts: 22,660 ✭✭✭✭✭


    << <i>they're trying to "catch" folks who want to suck up the benefits of living in an organized secure society but don't want to pay a share of the money earned by virtue of those services. the crooks and cheaters.

    honest people need not worry


    Geez, Baley. Who do you think are these crooks and cheaters?

    Um, that seems to be the biggest part of the problem we have - too many "folks" who want to suck up the benefits but don't want to pay a share of the money earned. Wow, Baley - I never thought you would get it. I agree totally!!!!!!!!!!!!!!!

    But, who are these people? Who are these crooks and cheaters? Who are these folks who sponge off the backs of tax-paying, hard-working stiffs?

    The problem itself, Baley is that it's the government who decides that the government employees get exemptions from taxes and regulations meant for everyone else.

    Got a conflict of interest? No problem if you are government. Especially if you are in the union. Or if your industry lobbyist is in tight with his Senator.

    Got inside trading info? If you're in Congress, no problem!!!! If you aren't, better watch your ass.

    Need an exemption from obamacare? Move to Nebraska or be a Congressional staffer, or better yet - get on welfare or disability. Voila! Problem solved!!!

    Wanna target your political opposition? Call the IRS! They can do the job for you!!!

    Do you realize that there hasn't been a single prosecution for thievery or malfeasance of any banking institution or quasi-government financial agency following the 2008 financial meltdown?

    Need I continue? On the contrary, honest people DO need to worry.

    What does it hurt to answer intrusive questions honestly? Do you beat your wife? Well? Huh? Do ya? It's the same type of question. >>



    Wow, what a diatribe. The topic was giving and taking bundles of cash from a bank, and now it's Gestapo, Peeping Toms, and that whole list...

    Anyway, back ON TOPIC, the other reason tough guys enjoy handling big bundles of cash money is because it makes them feel like an Important Big Shot, and some friendly tellers AT THE BANK THAT YOU CHOOSE TO DO BUSINESS WITH might think you want some extra attention, you know, because you need all this cash, and they're just trying to give it to you.

    Liberty: Parent of Science & Industry

  • drwstr123drwstr123 Posts: 7,038 ✭✭✭✭✭


    << <i>

    << <i>they're trying to "catch" folks who want to suck up the benefits of living in an organized secure society but don't want to pay a share of the money earned by virtue of those services. the crooks and cheaters.

    honest people need not worry


    Geez, Baley. Who do you think are these crooks and cheaters?

    Um, that seems to be the biggest part of the problem we have - too many "folks" who want to suck up the benefits but don't want to pay a share of the money earned. Wow, Baley - I never thought you would get it. I agree totally!!!!!!!!!!!!!!!

    But, who are these people? Who are these crooks and cheaters? Who are these folks who sponge off the backs of tax-paying, hard-working stiffs?

    The problem itself, Baley is that it's the government who decides that the government employees get exemptions from taxes and regulations meant for everyone else.

    Got a conflict of interest? No problem if you are government. Especially if you are in the union. Or if your industry lobbyist is in tight with his Senator.

    Got inside trading info? If you're in Congress, no problem!!!! If you aren't, better watch your ass.

    Need an exemption from obamacare? Move to Nebraska or be a Congressional staffer, or better yet - get on welfare or disability. Voila! Problem solved!!!

    Wanna target your political opposition? Call the IRS! They can do the job for you!!!

    Do you realize that there hasn't been a single prosecution for thievery or malfeasance of any banking institution or quasi-government financial agency following the 2008 financial meltdown?

    Need I continue? On the contrary, honest people DO need to worry.

    What does it hurt to answer intrusive questions honestly? Do you beat your wife? Well? Huh? Do ya? It's the same type of question. >>



    Wow, what a diatribe. The topic was giving and taking bundles of cash from a bank, and now it's Gestapo, Peeping Toms, and that whole list...

    Anyway, back ON TOPIC, the other reason tough guys enjoy handling big bundles of cash money is because it makes them feel like an Important Big Shot, and some friendly tellers AT THE BANK THAT YOU CHOOSE TO DO BUSINESS WITH might think you want some extra attention, you know, because you need all this cash, and they're just trying to give it to you. >>



    image
  • streeterstreeter Posts: 4,312 ✭✭✭✭✭
    Some of the chatter in this thread is stupefying

    SAR are required to be filed under FINCEN for many reasons.

    Aggregate cash withdrawals or deposits exceeding 5k. $200 a day for 25 times means you customer get an SAR report. Responding to a request for information about the nature of your business or a specific transaction with the following response,

    "why do you mr/ms bank employee need to know?" Will generate an SAR. A.U.T.O.M.A.T.I.C.A.L.L.Y.

    The claptrap about-it's for your own good, it's for the children, it's for your own security-hey if you aren't doing anything wrong, what are you trying to hide? Well that thinking is kindergarten level thinking.




    Have a nice day
  • BAJJERFANBAJJERFAN Posts: 31,082 ✭✭✭✭✭
    I think it would be kinda neat to have a million in cash. At about $40K per you could stuff that into 25 PCGS blue boxes. If one won a large multi-million lottery jackpot, why would anyone care if I took a mil of it in cash. Would a simple answer "because I can" be sufficient to pacify a nosey bureaucrat?
    theknowitalltroll;
  • PerryHallPerryHall Posts: 46,140 ✭✭✭✭✭


    << <i>"why do you mr/ms bank employee need to know?" Will generate an SAR. A.U.T.O.M.A.T.I.C.A.L.L.Y. >>



    So what? Will the feds arrest you and throw you in jail? What can they charge with?

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • rawteam1rawteam1 Posts: 2,472 ✭✭✭


    << <i>They have some vague rules and each employee has their own interpretation of how to do it.
    Banks used to only care about 10K cash transactions but now they have new rules.
    They word it as "a high degree of usefulness" to "criminal, tax, regulatory investigations".
    There are endless regulations and "usefulness" is a vague word so depending on the tellers interpretation they could try asking anything. It's sort of a reverse law, the law says the bank must report things but no law says exactly what info that you must give the bank other than maybe your SSN or occupation.


    "America’s Bank Secrecy Act requires reporting anything that could have “a high degree of usefulness in criminal, tax or regulatory investigations."

    "Banks are required to know their customers"


    Know Your Customer or Else -- Article >>


    U mean like all the people they lent money to buy all those houses in the re boom???...lol
    What a joke...
    keceph `anah
  • 3stars3stars Posts: 2,287 ✭✭✭✭✭
    Since this is a metals board, looks like I came to the right place to sell tin foil in all forms (hats, window coverings...)
    Previous transactions: Wondercoin, goldman86, dmarks, Type2
  • KentuckyJKentuckyJ Posts: 1,871 ✭✭✭
    Some of this was happening in the UK. Drudge picked up on it a few months ago. Last I heard the bank in question was forced to back down and admit the customer could in fact withdraw their cash without limitation.
  • JulioJulio Posts: 2,501
    "Since this is a metals board, looks like I came to the right place to sell tin foil in all forms (hats, window coverings...)". 3stars.

    image. Take care. jws
    image
  • coolestcoolest Posts: 2,281 ✭✭✭
    What about the fact that as of Jan 1 2014 all us little people who put money in a bank are now leagaly defined as an unsecured lenders to the bank.
    Any money you put in the bank is now owned by the bank, just in time for the bail-ins to start. Thanks Dodd-Frank. So as your government spends itself into financial colapse they can forstall the colapse of our country for maybe another 20 or 30 seconds by confiscating any bank held funds, and at the same time get the added bonus of empoverishing most american citizens.
  • jmski52jmski52 Posts: 22,860 ✭✭✭✭✭
    Wow, what a diatribe. The topic was giving and taking bundles of cash from a bank, and now it's Gestapo, Peeping Toms, and that whole list...

    Anyway, back ON TOPIC, the other reason tough guys enjoy handling big bundles of cash money is because it makes them feel like an Important Big Shot, and some friendly tellers AT THE BANK THAT YOU CHOOSE TO DO BUSINESS WITH might think you want some extra attention, you know, because you need all this cash, and they're just trying to give it to you.



    Lol, Bailey. Actually, the OP was about why the banks are limiting withdrawals & transfers. And the followup questions were about why banks should be allowed to ask probing questions about what you intend to do with your own money. You never answered the question about how these types of intrusive questions help protect to anyone.

    It's as if you really don't know the level of corruption going on around you, even when it's all been in the news. How do you do it?
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • JustacommemanJustacommeman Posts: 22,847 ✭✭✭✭✭
    It was only a matter of time before Godwin's Law reared it's head in this thread.

    MJ
    Walker Proof Digital Album
    Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
  • cohodkcohodk Posts: 19,133 ✭✭✭✭✭


    << <i>It was only a matter of time before Godwin's Law reared it's head in this thread.

    MJ >>




    Because fear is the most likely response of misunderstanding and misinformation.
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • PerryHallPerryHall Posts: 46,140 ✭✭✭✭✭


    << <i>"Since this is a metals board, looks like I came to the right place to sell tin foil in all forms (hats, window coverings...)". 3stars.

    image. Take care. jws >>



    How's your supply of rose colored glasses.image

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • ArizonaJackArizonaJack Posts: 4,029 ✭✭✭
    Baley, your an azz hat. Big tough guy crap? WTF are you talking about?
    " YOU SUCK " Awarded 5/18/08
  • drwstr123drwstr123 Posts: 7,038 ✭✭✭✭✭
    image
  • BaleyBaley Posts: 22,660 ✭✭✭✭✭


    << <i>Baley, your an azz hat. Big tough guy crap? WTF are you talking about? >>



    I'm asking you, directly, again, how much cash were you talking about? a dollar figure.

    Liberty: Parent of Science & Industry

  • BaleyBaley Posts: 22,660 ✭✭✭✭✭
    and how often?

    Liberty: Parent of Science & Industry

  • bronco2078bronco2078 Posts: 10,225 ✭✭✭✭✭


    No one has ever asked me but then I know all the tellers because I roll search. I pull money out all the time to buy half dollars .


    Alternately the answer to the question should be going to Vegas or some local casino , they will automatically dismiss you as a moron .

    Or suggest you have to go pickup your monthly Viagra prescriptionimage
  • pennyanniepennyannie Posts: 3,929 ✭✭✭


    << <i>Large amounts are tough to get these days. Something like a hundred k, you'll wait a week for the cash to arrive. When it arrives, they'll call and take you up to a room where they count it all in front of you. There'll be at least 4 people there, one whom will report to the fed, and yes they will ask inappropriate questions.



    Expect to be followed. >>



    My mother passed away December 22nd 2013 and had a few accounts that were POD to her kids ( pay on death) I went into one bank with her death certificate and had to fill out pages of paperwork and get things notarized for the 4 of us. The amount was a little over 100k. I went to the next bank and inquired what I needed to do and handed the banker a death certificate and he disappeared for 10 minutes and came back with 4 certified checks. He walked me over to the teller and I cashed mine for well over 40k and not a word was said. I actually cashed all my certified at the banks when I received then and walked out with the cash.

    I did drop the bank that I run my business account thru due to what I considered unfriendly employees. Moved it to another bank and never an issue. As long as you got funds to cover a check you want to cash I have never had an issue. When I cashed a insurance check that exceeded my balance by thousands the higher up had to sign off on it.

    I stay out of the large chain banks, hate to even take a BOA check from a customer.
    Mark
    NGC registry V-Nickel proof #6!!!!
    working on proof shield nickels # 8 with a bullet!!!!

    RIP "BEAR"
  • pennyanniepennyannie Posts: 3,929 ✭✭✭
    In January I got some postal money orders for 3000 or 3500 from my local post office. It was a little bit of a hassle but it got done. I did have to get another money order for 500 more at another post office the following day. The money orders were for the deposit on my ma deuce 50 bmg and the local post office knew I was buying something of that nature. The business I sent the usps money orders to did get some grief at his bank and ask that when I paid the balance to use a credit card. LOL
    Mark
    NGC registry V-Nickel proof #6!!!!
    working on proof shield nickels # 8 with a bullet!!!!

    RIP "BEAR"
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