Posted on 07/06/2006 4:06:16 PM PDT by Tolerance Sucks Rocks
PING!
Why complain, it's not your money anyway.
Everything is on but a temporary loan from the government.
SWIFT - 2000s, Pres Bush = bad for terrorists
SAR - 1990s, Toon = bad for freedom
Why am I not surprised? And where the fish is the New York Treason with their big yaps?
http://www.irs.gov/irm/part4/ch57s01.html
Instituted in 1970. Amended in 1995 to lower the limits to where they are today. Banks seem to fall into two classes with this: those covering their butts in case of litigation and those using it to delay transactions to reap the use of the money for a longer period. I believe that the hold on funds in the part of this I find objectionable.
Nobody wants to do paperwork, so it's self-limiting to some degree - but basically the 10k limit is too arbitrary lots of legitimate people deal with large sums - it's just a means of identifying those with limited income whose finances don't jibe with their reported income? Stupid crooks driving maserattis on the side etc. etc.
Wrong. Banks do this because if they don't the FDIC will shut them down. The FDIC comes in annually and makes sure a SAR was filed on any and everything that has the potential of being money laundering.
Also, banks can't hold a deposit of cash (which is exactly what this law applies to). They must give you immediate credit.
Money launderers? The government is going to crack down on money launderers?
Perhaps they can turn the microscope on themselves. You know, how they designate a certain percentage of lottery money "to the schools".......and then deduct that same amount out of the schools' budgets to use for, well, who the hell knows? If that ain't money laundering what is?
Don'tcha love how our ever loving government is there for us to "crack down" on those who privately do THE SAME DAMN THING that they're doing.....like gambling (no gambling, unless it's a state lottery), like stealing (no stealing, unless the legislature has okayed it in the form of tax hikes), like money laundering (as explained above), taking other people's property (eminent domain), etc.
If they want to check my accounts, they're welcome to, probably haven't had a good laugh in awhile.
Get this "Former Republican Rep. Bob Barr is the chairman of Patriots to Restore Checks and Balances, a group that monitors the government's use of the Patriot Act, and president and CEO of Liberty Strategies, a consulting and public relations firm."
Give me a break and get a REAL job!
Reg. CC - The Expedited Funds Availability Act.
You've got it!
It's getting to the point where it's almost a good idea to pull the cash out and keep it under your floor. I'm not comfortable with all of these spying programs.
What ever the heck happened to Bob BARR? Seems to me that since the day he left Congress he's been on one wacky ride. Guess it's just a story of follow the money with him.
Where do you live?
What does that have to do with it?
Well, if you are going to hide your money under the floor, I was asking where you lived.
It was a joke. Sorry if it wasn't very funny! I meant no harm.
"This is not the same as the program recently revealed by the New York Times."
Yeah, this program includes every financial transaction, not just the SWIFT wire types.
Totally insane... just like in NAZI GERMANY.... Heil Bush!!
Disgusting!
Perhaps you missed this one.
http://www.freerepublic.com/focus/f-news/1651178/posts
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