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Bank account info belongs to CIA, says US government
Moscow: Russia Today via You Tube ^

Posted on 03/15/2013 11:41:15 AM PDT by alexmark

In an attempt to pursue terrorists across the globe, the Obama administration has proposed legislation that will give spy agencies access to citizens’ finances. Currently, the FBI is the only agency that has access to these databases, but the plan will give the CIA and NSA the same access. So does this proposition take the war on terror too far? Private investigator Kenneth Cummins explains the legality of the legislation.

(Excerpt) Read more at youtube.com ...


TOPICS:
KEYWORDS: 4thamendment; bankaccounts; banking; bankingprivacy; bankingrecords; cia; dhs; fbi; irsobamacare; nsa; privacy

1 posted on 03/15/2013 11:41:15 AM PDT by alexmark
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To: alexmark

I want access to Zer0’s Birth Certificate.

Now!


2 posted on 03/15/2013 11:44:38 AM PDT by jonrick46 (The opium of Communists: other people's money.)
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To: alexmark

I recently made a sizable cash withdrawal from my primary bank account for some home renovations. The bank teller had to call over the branch manager who then brought me into his office to explain to me that a cash withdrawal of that size would raise red flags.

I told him the withdrawal was for legitimate purposes which will be documented via receipts, building permits, etc. I told him, “If they Feds want to bother with a homeowner doing some construction, then its their time wasted not mine. I don’t fear my government.”

He looked exasperated but gave me the cash nonetheless.


3 posted on 03/15/2013 11:47:47 AM PDT by rarestia (It's time to water the Tree of Liberty.)
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To: alexmark

hows hope and change working for you?


4 posted on 03/15/2013 11:48:06 AM PDT by alexmark
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To: alexmark
Too bad. No bank accounts. There are advantages to being off-grid and gone Galt.

/johnny

5 posted on 03/15/2013 11:48:58 AM PDT by JRandomFreeper (Gone Galt)
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To: rarestia

I just got asked yesterday about receiving and depositing a CHECK for $10,000 (not even receiving any cash from it).


6 posted on 03/15/2013 11:53:14 AM PDT by wildandcrazyrussian
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To: wildandcrazyrussian

“I just got asked yesterday about receiving and depositing a CHECK for $10,000 (not even receiving any cash from it).”


Boy a few years ago, when I was working, I had to go right up to the president of the bank as every time I went to deposit my full check, WITHOUT any cash back, the teller would have to go over to the manager to get his ok because it was over the teller’s limit.

I confronted one teller, asking for her drivers license as I was trusting her with my check yet she did not trust me.

Anyway, I told the president of the bank to fix it or the account would be closed. Never had a problem since.


7 posted on 03/15/2013 12:10:32 PM PDT by Wurlitzer (Nothing says "ignorance" like Islam!)
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To: alexmark

So I gather the monkey boy feels he can circumvent our right to privacy without any law being enacted by congress.

More proof that the GOP is in on this scam. They rattle their cages a little to make us think they are on our side but the only side they are on is government. They are letting this NAPA circumvent congress everyday without nary a peep.

If the criminal Federal Government can use the right of Privacy to enact the freedom to abort (that was how it was accomplished), then certainly we should be able to DEMAND our right to our financial privacy. Right?

And we certainly should demand our right to privacy to prevent our doctor’s visits being used to take away our arms. Right?


8 posted on 03/15/2013 12:17:39 PM PDT by Wurlitzer (Nothing says "ignorance" like Islam!)
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To: JRandomFreeper

Likewise my FRiend.


9 posted on 03/15/2013 12:17:54 PM PDT by eartick (Been to the line in the sand and liked it)
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To: JRandomFreeper

They may be coming for your pillow and mattress too.


10 posted on 03/15/2013 12:21:58 PM PDT by Jyotishi (Seeking the truth, a fact at a time.)
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To: rarestia

He wasn’t trying to protect you. He just didn’t want you to remove that money from his ability to make his own money off of it.


11 posted on 03/15/2013 12:22:20 PM PDT by SendShaqtoIraq
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To: rarestia

If you’d ever come in with an amount to deposit equal to what you took out, it would certainly also “raise red flags”, but they would’ve accepted it in the blink of an eye.
Of course I don’t know how much you took out.
I’m only going by the glow I’ve noticed on the faces of tellers or branch managers whenever
we’ve made big deposits.


12 posted on 03/15/2013 12:22:26 PM PDT by supremedoctrine
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To: Jyotishi
They may be coming for your pillow and mattress too

Bury it in a mason jar. That's going to be my retirement plan.

13 posted on 03/15/2013 12:26:30 PM PDT by jersey117
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To: Jyotishi
They can have them. I've been thinking about building a built-in bed cabinet, similar to what was in vogue in the late 1700s. But better than the one Jefferson built.

Ain't no cash in my mattress.

/johnny

14 posted on 03/15/2013 12:27:01 PM PDT by JRandomFreeper (Gone Galt)
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To: supremedoctrine

It was more than $5,000 but less than $10,000. I’d always understood that $10,000 was the “magic number” for a deposit to net you a visit by a federal agent.

I’ve not heard from the Feds yet, and the construction work is finishing up this week.


15 posted on 03/15/2013 12:28:22 PM PDT by rarestia (It's time to water the Tree of Liberty.)
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To: SendShaqtoIraq

I gathered that by the condescension and aura of fear he was trying to instill. He talked to me like a mortician would talk about a departed loved one. I knew the schtick, but I was surprised that my under-$10,000 withdrawal was going to raise red flags.


16 posted on 03/15/2013 12:29:42 PM PDT by rarestia (It's time to water the Tree of Liberty.)
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To: alexmark; null and void; butterdezillion; xzins; SatinDoll; LucyT; All

” - - - the Obama administration has proposed legislation that will give spy agencies access to citizens’ finances. - - - “

Duh, didn’t Hussein’s “passport fixer” Brennan just last week became our Top Spy at Hussein’s CIA?

BTW, would the German Hitler have done the same thing?


17 posted on 03/15/2013 12:30:43 PM PDT by Graewoulf (Traitor John Roberts' Commune-Style Obama'care' violates U.S. Constitution AND Anti-Trust Law.)
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To: JRandomFreeper; jersey117

Here’s some food for thought:

The Best Places to Hide Valuables in Your House

http://lifehacker.com/5960300/the-best-places-to-hide-valuables-in-your-house


18 posted on 03/15/2013 12:35:20 PM PDT by Jyotishi (Seeking the truth, a fact at a time.)
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To: rarestia

The government tells me how much I HAVE to take out of my IRA and its a lot more than 10,000 dollars a year. Ticks me off as I don’t need as much as they say I HAVE to remove..I live a simple life, a 10year old car and no house payments...I have recently rented out my house and 4 acres, its too much for someone my age to take care of and moved into a rented condo.. the rent from one pays for the rent of my condo..


19 posted on 03/15/2013 12:35:56 PM PDT by goat granny
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To: rarestia

I always understood that 10k + is the amount that you don’t want to deposit because it is noted to unseen agencies. For that reason I never deposit more than 10k at any one time.

However, we seem to be rapidly reaching the point where our government cannot be trusted for anything. If the IRS can hound us for “health” care money then freedom is just an illusion.


20 posted on 03/15/2013 12:35:59 PM PDT by Aria ( 2008 & 2012 weren't elections - they were coup d'etats.)
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To: goat granny

The gov simply wants their part of your IRA balance to be collected...


21 posted on 03/15/2013 12:39:15 PM PDT by aMorePerfectUnion (Gone rogue, gone Galt, gone international, gone independent. Gone.)
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To: Aria

There’s no freedom anymore. I’m just going through my day to day as normally as possible, but I am prepared for the inevitable. My stress and my anxiety are at a constant level, but at least it’s something I can anticipate. I believe this is what the Founder’s understood when they gave us a Republic (if we can keep it).

This feeling, this constant concern about the state of social, cultural, and political affairs, is the sort of vigilance that we must maintain to be able to defend the very idea of America’s Constitutional Republicanism.

Go about your day in every legal way possible. Live life as vanilla and nondescript as possible. Be prepared, however, to defend yourself, your family, your faith, and your property from a government that is growing into a leviathan that I believe even the most astute among us have yet to fathom.


22 posted on 03/15/2013 12:39:24 PM PDT by rarestia (It's time to water the Tree of Liberty.)
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To: alexmark

If you are transacting in Federal Reserve Notes the Federal Reserve will naturally wants assert its ownership rights over your account information. It’s only fair. /s


23 posted on 03/15/2013 12:40:16 PM PDT by Mr. Jeeves (CTRL-GALT-DELETE)
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To: alexmark

A good chunk of your money should be outside the USA to prevent keystroke seizure... Just file your FATCA and US Treasury forms.


24 posted on 03/15/2013 12:41:32 PM PDT by aMorePerfectUnion (Gone rogue, gone Galt, gone international, gone independent. Gone.)
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To: alexmark
What's the fourth amendment justification for the wholesale searching of bank accounts?

-PJ

25 posted on 03/15/2013 12:42:09 PM PDT by Political Junkie Too (If you are the Posterity of We the People, then you are a Natural Born Citizen.)
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To: rarestia

An excellent attitude! I am in complete agreement.


26 posted on 03/15/2013 12:45:30 PM PDT by Aria ( 2008 & 2012 weren't elections - they were coup d'etats.)
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To: rarestia
I’d always understood that $10,000 was the “magic number” for a deposit to net you a visit by a federal agent.

Don't remember where I heard it, but at some point in the last couple of years I heard they reduced the reporting threshold to $5000.

27 posted on 03/15/2013 12:49:12 PM PDT by 6ppc (It's torch and pitchfork time)
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To: 6ppc; rarestia
I used to work in banking. If you bring in or withdraw more than $10,000 in cash (i.e. $10,000.01) it automatically triggers a large currency transaction report. I guess that figure was determined however many years ago to be the questionable threshold for money laundering transactions. However, you can't "structure" your transactions to try to avoid the report by bringing in or taking out cash over several days just under the $10,000 because that will trigger a suspicious transaction report. Just like you can't purchase monetary instruments (money orders, travelers checks or cashier's checks) for more than $3,000 per day with cash. It's supposed to deter money laundering too.

As for the tellers needing approval - each teller has an individual limit they can accept without approval from a supervisor. It has to do with their experience in banking. The newer the teller, the lower their limit. Large deposits require approval, especially if it's a single check, to verify that it's not a forgery because if it's accepted and access to the funds is granted immediately and it's not a legitimate check, the bank can be out that money. The banking program even has a built-in supervisor override in order to complete the transaction if the withdrawal limit is over the teller's limit.

I've worked for two different banks and they both had those rules in place. For a regular customer with a good balance history, it's not necessary to get approval for the deposit prior to completing the transaction, however. We would have a separate pile of large transactions that the supervisor would go through every so often and approve after the customers had long left.

28 posted on 03/15/2013 1:33:51 PM PDT by reformed_dem
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To: aMorePerfectUnion

The thing that not even my finacial advisor could understand is that the amount also depended on the age of my oldest child....somehow that figures into the amount I have to withdrawl. Its none of their greedy business is what I believe..


29 posted on 03/15/2013 2:48:49 PM PDT by goat granny
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To: goat granny

“The thing that not even my finacial advisor could understand is that the amount also depended on the age of my oldest child....somehow that figures into the amount I have to withdrawl. Its none of their greedy business is what I believe..”

They want as much money that is legally theirs via taxes, as they can get - and they constantly plan on ways to get the whole thing. By the end of the next crisis, they will fold pensions and IRAs into a “government guaranteed retirement account”... which of course they control.


30 posted on 03/15/2013 3:09:48 PM PDT by aMorePerfectUnion (Gone rogue, gone Galt, gone international, gone independent. Gone.)
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To: aMorePerfectUnion

To them, all money is legally theirs especially the harder we work for it. They have just been kind enough to leave us with enough to live and have a decent life. That area is now over in their perverse minds.


31 posted on 03/15/2013 6:05:40 PM PDT by DarkWaters ("Deception is a state of mind --- and the mind of the state" --- James Jesus Angleton)
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