Skip to comments.
Justice Department Rolls Out An Early Form Of Capital Controls In America
Zero Hedge ^
| 03/20/2015
| Tyler Durden
Posted on 03/21/2015 7:27:08 AM PDT by Cheerio
click here to read article
Navigation: use the links below to view more comments.
first previous 1-20, 21-40, 41-60, 61-63 next last
To: Cheerio
If you are still banking with one of the big 4-5 you need to reflect.
I bank with an International Asian commercial bank. They are not as Sig Heil as BOFA, Wells Fargo etc.
21
posted on
03/21/2015 7:50:15 AM PDT
by
Georgia Girl 2
(The only purpose o f a pistol is to fight your way back to the rifle you should never have dropped.)
To: 9thLife
It's gonna take extra tar and extra feathers to tackle this heifer.
22
posted on
03/21/2015 7:53:51 AM PDT
by
billorites
(freepo ergo sum)
To: driftless2
The government monitors large deposits of money to check on possible ill-gotten gains especially illegal drug deals. For example, how did the schoolteacher come into possession of a million dollars? But of course for Harry Reid and other members of Congress, they look the other way.
23
posted on
03/21/2015 7:55:54 AM PDT
by
TheCipher
(Suppose you were an idiot and suppose you were a member of Congress. But I repeat myself. Mark Twain)
To: Cheerio
And, if you try to avoid the reporting by taking multiple smaller withdrawals, they call it “structuring”, which puts you at risk for nonjudicial civil asset forfeiture.
To: MHGinTN
You have no money in that account, just bank IOUs.That has always been the case.
25
posted on
03/21/2015 7:59:13 AM PDT
by
Toddsterpatriot
(Science is hard. Harder if you're stupid.)
To: grobdriver
Because it’s not your money?
26
posted on
03/21/2015 7:59:53 AM PDT
by
Lorianne
(fed pork, bailouts, gone taxmoney)
To: Toddsterpatriot
Actually, it only became the case when legislation put the policy into law, recently.
27
posted on
03/21/2015 8:00:15 AM PDT
by
MHGinTN
(Is it really all relative, Mister Einstein?)
To: MHGinTN
No. The bank has never held your deposit aside earmarked for you. You are a creditor of the bank.
28
posted on
03/21/2015 8:01:24 AM PDT
by
Toddsterpatriot
(Science is hard. Harder if you're stupid.)
To: driftless2
“As far as withdrawing large sums, I dont know what their interest would be.”
Drug deals have buyers and sellers, that takes large sums of cash.
29
posted on
03/21/2015 8:02:55 AM PDT
by
Beagle8U
(NOTICE : Unattended children will be given Coffee and a Free Puppy.)
To: 9thLife
Look at the eyes. A picture is worth a 1,000 words. Headshake."A tip-off from a bank about a suspicious customer could lead law enforcement to or start an investigation", Ms. Caldwell said.
In other words, more opportunity for "asset forfeiture". They certainly don't care if innocent citizens loose their property along with an occasional criminals.
30
posted on
03/21/2015 8:04:19 AM PDT
by
Texas Fossil
(Texas is not where you were born, but a Free State of Heart, Mind & Attitude!)
To: Cheerio
A couple of months ago, I went down to my bank and transferred six thousand dollars from my savings account to my checking account. I needed the money for a home improvement project. I didn't ask for any actual cash.
Anyway, the clerk called over a bank officer, who asked me why I was transferring the money. I suppose I could have refused to answer, but this particular bank branch has been very helpful to me in the past.
So I told the bank officer. Then I asked her why she asked me in the first place. She said when large amounts are involved, the bank asks to make sure the customer is not being involved in some sort of swindle (a Nigerian money scam, etc.). That did make some sense.
Just something to think about.
31
posted on
03/21/2015 8:06:00 AM PDT
by
Leaning Right
(Why am I holding this lantern? I am looking for the next Reagan.)
To: C. Edmund Wright
if I go to the casino, I usually take money out...and when on the rare occasion I win money back, I'll take the cash to the bank....several hundred dollars perhaps...
I swear that our refy on our mortgage took a lot of extra paper shuffling because of those occasional little cash deposits...
we live in scary times...
32
posted on
03/21/2015 8:06:52 AM PDT
by
cherry
To: 9thLife
Assistant attorney general Leslie Caldwell,
aka fascist bull-dyke.
To: Beagle8U; driftless2
And so we’re all treated like drug dealers or tax evaders.
The presumption of innocence is gone.
34
posted on
03/21/2015 8:12:38 AM PDT
by
aquila48
To: driftless2
The government monitors large deposits of money to check on possible ill-gotten gains especially illegal drug deals.This is just more of the damage done to our freedom by the evil war on drugs.
35
posted on
03/21/2015 8:15:30 AM PDT
by
SpeakerToAnimals
(I hope to earn a name in battle)
To: Cheerio
When she returns she tells you that you can collect your money in a few days as they dont have it on hand at the moment.$5000? If this is my bank it isn't my bank anymore. There are plenty of banks out there. I have withdrawn enough cash before a gunshow or purchasing a boat to have to jump through a few hoops but since I don't want them giving my money to just anyone I don't have a problem with it.
P.S. If I don't find something I want at the show the cash doesn't go back to the bank so there's never a problem in that direction.
36
posted on
03/21/2015 8:18:01 AM PDT
by
Starstruck
(If my reply offends, you probably don't understand sarca only ones we can gesm or criticism...or do.)
To: Cheerio
The U.S. Justice Departments criminal head said banks may need to go beyond filing suspicious activity reports when they encounter a risky customer. If they did this to illegal aliens, they'd be sued.
37
posted on
03/21/2015 8:20:06 AM PDT
by
Toddsterpatriot
(Science is hard. Harder if you're stupid.)
To: Paine in the Neck
In the last couple of years we have done some major ‘fixing’ of our house and boat. We always pay cash because they will give you an additional discount for doing so. The companies themselves have set up ‘payments’ til the jobs were finished of smaller amounts.
Guess we have had a lot of SARs filed on us.
38
posted on
03/21/2015 8:27:34 AM PDT
by
sheana
To: Cheerio
Land of the Free, home of the Brave.
The beginning of the end is starting.
39
posted on
03/21/2015 8:29:47 AM PDT
by
CPT Clay
(Follow me on Twitter @Clay N TX)
To: 9thLife
So do it on Thursday. They still won't like it and may say no. My husband tried to withdraw $5,000 in Las Vegas for a poker tournament and they said no. In Las Vegas!
Navigation: use the links below to view more comments.
first previous 1-20, 21-40, 41-60, 61-63 next last
Disclaimer:
Opinions posted on Free Republic are those of the individual
posters and do not necessarily represent the opinion of Free Republic or its
management. All materials posted herein are protected by copyright law and the
exemption for fair use of copyrighted works.
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson