[RockinRight]

How? Are they making up court orders and just waltzing into the bank?

[jessduntno]

Amazing what some people will stoop to just to make a buck.

[TEXOKIE]

details? a hint?

[unixfox]

Why would these people think for one minute that the money was theirs in the first place. Don't they understand that the govt. can take what they want when they want?

Geez.

[NoGrayZone]

I guess this is just the beginning.....

[Kevin in California]

This is a 3 year old story.

[Lazamataz]

Guarenteed, the crazy state of Calif__kya will be busting down your doors and carting off your plasma TV's and jewelry by 2015.

Calif__kya is basically a Mafia with an Official State Seal.

[Tigerized]

What’s next? Piggy banks?

[ClearCase_guy]

Government lets you “hold” stuff for some amount of time, but government won’t let you “own” stuff any more. Eventually, the government will take it from you.

[TruthShallSetYouFree]

A couple of decades ago, I read one of those books that predicted financial Armageddon. I can't remember the title--something like "What To Do in the Upcoming Financial Crisis." One point stuck with me--the author mentioned stockpiling some gold and silver--coins--easy to use when the entire system broke down. And he said to store them in a safety deposit box, but not at a bank. He predicted that access might be denied if there were a run on the banks. He suggested a a hotel's safety deposit box. After reading this, it sounds like our valuables would be safer in a U-Haul Self Store.

[shove_it]

Gives a whole new meaning to “DRILL DRILL DRILL”.

psst Cali commies, this ain’t what we meant.

[ladyvet]

Grandpa had it right....mason jar under the old oak.

[CIB-173RDABN]

I have lived in the same place for over 25 years, have done all my banking through a credit union in which I have several different accounts.

Recently I got a letter from them concerning one of the accounts. It seems unless I took some action within a number of days they would be required to send the funds in that account to the state of California.

It seems I had not made a deposit or a withdrawal in three years and in the states eyes I abandoned it. Now the fact I had other accounts in the same bank did not seem to matter.

I ended up having to sign a form stating I did not in fact want the money sent to the state.

I should note, if the state does take money this way you can get it back if you discover they have done so, and the money was in fact yours to begin with. Not an easy process.

(Side note - there is a reason I have a separate account that I am not paying much attention to).

[Minn]

The people that whine and cry like small children whenever a blogger posts an excerpt and a link are losers and misfits, most likely with ugly parents ugly spouses and ugly children. But when it comes to a blogger posting only a teaser headline and a link, I would probably have to agree with them.

You can't even post a few lines to tell us the jist of the story so we can decide if it might be worth a visit to your site?

[IYAS9YAS]

Most states have a provision for unclaimed property. You have so long to claim it, then it becomes the property of the state. Each state defines the rules on how it should be dealt with by the holder of the property (all kinds of things show up), and the owner of the property.

[Hardraade]

There must be a gangster movie in here somewhere...

[ScottinVA]

Are we referring to boxes belonging to those who’ve recently deceased? If so, this has been going on for a long time. When my dad passed in 1984, my mother went and closed the box out right away to avoid the state impounding the contents.

Would appreciate more details, please. And I’m not going to the blog.

[TruthConquers]

Here is one for a good laugh: http://www.alt-market.com/articles/92-fbi-raids-chuck-e-cheese-for-undermining-us-currency

[MEGoody]

. . .with an internal memo objecting to efforts to to find the owners on the grounds that “It could well result in additional claims of monies that would otherwise flow into the general fund.”

So who authored this internal memo? One would think if the author has access to this memo, the name of the author would be provided.

. . .which at least requires that the property be accused of a crime, and can be fought in court.

Um, what? How can property be accused of a crime?

[Migraine]

My feeling about truly abandoned safe boxes:

1. obviously, SOMEONE has to pay the rent on the box; in the absence of that...
2. new legislation is needed, as there are some gray areas at present;
a. safe deposit boxes in banks should have within them a notarized “mini-will” about the contents of the box after the demise of its owner(s) (a chosen charity, or maybe a governmental agency, being designated as beneficiary);
b. a government “safe-deposit-box-morgue” established to hold the contents of abandoned safe boxes for 25 years — whereupon the contents revert to the designated beneficiary.

That way, you remove the greedy paws of government from the obvious conflict of interest we see at present.