“This is all about the law the government created that controls how much of your own money you can take out of the bank at any one time. The only “crime” here is that you want your money in cash and don’t want to leave it in the bank where the government can confiscate it.”
no, in the USA you can take out as much cash as you want. there is, however, a reporting requirement that the bank report all cash transactions over $10K to FINCEN.
what Hastert was doing was to take out large amounts of cash at just under 10K per time to avoid the reporting requirement.
when people do that it is called “structuring” which is itself a felony.
Elliot Spitzer was caught up by the same law.
$3.5 million in payments indicates blackmail over something pretty nasty.
if DC is ever going to be cleaned up, dirty politicians have to be ruthlessly exposed, and all of the compromised have to be chucked.
Hastert set up a shell company to buy farmland that he knew would become a new interstate interchange. His name wasn’t on the company but his wife was.. He made millions flipping some cheap land with his insider knowledge. 60 minutes or maybe dateline had done an expose on him way back. Crooked as a paper clip...
Ain't going to happen. Hillary Clinton committed MANY MULTIPLE felonies (obstruction of justice), and they're NEVER going to charge her. Lois Lerner committed MANY MULTIPLE felonies by supplying confidential tax information to persons & agencies who were not allowed to receive it (I worked for the Department of Commerce in the last Census, as a supervisor. We had to train our people about such felonies. Lerner knew, being a VERY higher-up.).
Hastert gets arrested for withdrawing his own money, except for The King didn't like the way he did it.
Sorry, if the gruberment is not going to prosecute Clinton or Lerner, I'm not going to listen to the gruberment's "explanations" of why it's OK to prosecute Hastert.
As far as I'm concerned, the gruberment is just government by gunthug, and bullyboy.
“$3.5 million? Really? I had no idea. I’m not a bad person, but I’m really bad at numbers - and my memory is terrible. $3.5 million!? Hard to believe - it was just $9,500 here and there. Boy, I really lost track.”
Thank you for the early morning sanity post
“when people do that it is called “structuring” which is itself a felony.”
That ‘restructuring’ is an invented crime for the government to control what we do with our own money. It was, I believe created to catch drug lords who like to deal in cash. To use it to go after anyone who is not a drug lord criminal, ought to be illegal for the government to use, as it is, they use it to make innocent people into criminals and to increase its own revenue by leving ‘fines.’