Check out that watch!
Posted on 04/29/2013 10:26:31 AM PDT by rightwingintelligentsia
OK, so a lot of rich people live in New York.
We know that.
It's not news.
But it hits home in a non-abstract way when, if you're not one of the very rich, it's rubbed in your face at your local bank.
These two ATM receipts were discovered at a local Chase bank by my old colleague Tony Case, the special reports editor at Adweek. He gave me permission to publish his photo of them. They show that someone recently withdrew $300 in cash on a balance of $1 million, just after someone else tried to withdraw $100 on an account that had insufficient funds.
(Excerpt) Read more at businessinsider.com ...
OMG! You are telling me that someone tried to withdraw $100 and the bank DENIED it all the while the bank has another depostor with over $1M. The bank should have withdrawn the money from the rich account and then gave it to the poor individual who is truly struggling to get by in this heartless world. The rich person would have gladly paid the $100 because it is the patriotic thing to do.
In fact, since the reported for this crap article makes a lot more than me he should send me $100 because I deserve it and it is also the fair and patriotic thing to do.
100 withdrawal coming from a checking account
300 withdrawal from a savings account
Checking accout = no interest paid = minimal balance maintained
Savings accout = interest paid = more money in there
Apples and Oranges being compared here.
I prefer "Chateau Boone", the 'strawberry' infused version. Though, if the vintage is right, 'peach' can make a piquant, yet fruity change that pairs nicely with a lobster dish.
A decent second choice to pair with lobster would be a recent bottle of "chien enragé vingt-vingt". I've not tried it, but I hear that March 27th is a decent vintage.
“I’m surprised she didn’t get a nice bottle of Asti-Spumanti.....or, better yet, Moscato. “
Or,,,,, Ripple!
Try to withdraw a million dollars on a three hundred dollar balance. Might work???
Bollinger is swill. I wouldn’t use it to wash my car.
For all we know, this could be the SAME ACCOUNTHOLDER! Less than $100 in checking, can’t get a cash advance on the credit card, withdraws cash from savings account. Question: why would anyone with a million in savings take a credit card cash advance? Don’t they charge payday-loan type interest rates for those?
Someone who has so much cash that they don't need to worry about FDIC protection on one account.
It all depends on how much they turn over and how quickly they do so. We really don't know the situation involved. This could be someone of whom, this is all they have and they aren't bright. This could also be someone who has tens of millions or more in various investment vehicles and $1 Million you see here is what they need to have somewhat liquid to pay various expenses over the short period. Imagine, for example, a commercial plumbing contractor in NYC. They may need to have a large sum liquid to immediately pay suppliers for large jobs over several months. Just this one number really doesn't tell enough of a story to make a call on the wiseness of keeping this amount in a savings account.
Business Insider puts up a front of being a balanced, conservative publication. It's not. If noticed their liberal bias for several years now.
That’s fake. Why post it when you know people here think its real?
Show me.
Female friend of mine was a cocktail waitress at the Beau Rivage Casino in Biloxi in early 2000’s. A guest won several million dollars on a slot machine and said “what am I going to do with this money?” and didn’t tip a soul.
The point is his buddy is nosy going through peoples garbage.
I was about to say the millionaire’s a dummass for keeping that much in cash in one account...
but he’s a millionaire and I’m not.
That’s living large on OPM.
That’s “expected” of black democrat politicians and their spouses.
It’s fake, and it doesn’t do conservatives any favors to keep putting it out there when it’s so easily debunked. She was at a rally in Indiana that day, and took the stage there just two hours before she is alleged to be signing a room service check in New York.
Check out that watch!
I notice that the withdrawal is from savings and that the balance is quite close to a round million. I wonder what JPM is paying on savings these days ... Ah! the answer: a whole basis point! That's $100/yr on a million.
So, did the person open an account with a round million some years ago and only now tap it for lunch money?
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