Posted on 01/19/2012 5:17:54 PM PST by Kartographer
I have received enough calls and emails on this within the last few weeks to A.) cause concern and B.) merit a post. People are having difficulty withdrawing cash from banks. I just received the SECOND call on this from California this week. The question is, do banks have the right to deny you cash withdrawals?
The answer is NO. They do not. And both of the men I have heard from in California were obviously being bee-essed by their bank. The bank couldn't cite statute, and then started haggling over the amount of cash withdrawals they would allow. That's your dead give-away. If there were ANY statute or actual rule, the bank wouldn't set up a conference call and then start
(Excerpt) Read more at barnhardt.biz ...
PING!
Hum? I bank with Wells Fargo, and when we opened our account years ago, they told us as long as there was money in your account you could get, with the exception if you ever wanted more than $10K it would take a day.
That has never been an issue for us, so can’t say if they would refuse.
Now there is a limit on ATM machines but I think that is some kind of security issue.
Sounds like Bank of America to me.
Big shell game by the broke State of CA. Aided and abbeted by a broke Federal grubment. The day of reckoning is coming.
2 strongest banks for each state?
By what standard of evaluation?
Capitalization?
Reserve?
Size?
Loan ratio?
Seems to me to be pretty open ended.
Many small banks are actually in much better shape than the big boys when you look at the actual net worth and the type of investments they make.
I heard recently that if you don’t have a “NOW” account then they can take their sweet time giving your money back.
Ms. Barnhardt is hard core!
“Q: Ann,
What do you think of the Marines who peed on the dead Taliban?
A: I have little sympathy for men who live their lives wiping their anuses with their bare hands after bowel movements, and who view as the pinnacle of human pleasure inserting their genitals and depositing their semen into the feces-laden rectums of boys and other men, who suddenly get squeamish about dead bodies being sprinkled with a bit of urine - which is sterile by the way. Those dead Taliban were probably the cleanest they had ever been in their adult lives after being showered with the righteous tinkles of those Marines. Ooh-rah. That is all. Carry on. “
Banks have always demanded a few days notice for large cash withdrawals because they don’t have that much cash at any time physically to give you.
I needed $68k in 1980 to buy an airplane and I had to give the bank 3 days notice so they could get it delivered from the Federal Reseerve bank.
There two reasons that I know of for a bank not to give you all the cash that you demand legally. Many will limit cash withdraws to 10k with out notice. Some small branches such as those in grocery stores might have lower limits due to amount of cash on hand. The second reason is that your deposits have not cleared and they limit the amount you can withdrawn based on your history with the bank.
I remember this nutcase, Ann Barnhardt.
She was the one promoting (promoting herself) a conspiracy theory about the Seal Team Six unit that got Bin Laden being deliberetly taken out by our own people while on a later mission in Afghanistan (supposedly to cover up some secret truth about what really happened - like it wasn’t really Bin Laden).
Sorry - omce bitten is enough; twice burned is unnecessary.
Any thing Ann Barnhardt says is more truthful than what is coming out of the White House. Zero is the nutcase and worse, a Marxist.
And she is dead right about the filthy homosexual lifestyle of the Middle East—they rape the little boys and sodomize girls. If you don’t think so-—you are living in a fairy tale. The urine probably did clean them off. it is sterile.
Why didn’t you just get a cahiers check?
Why didn’t you just get a cashiers check?
Hadn’t heard that, but then the whole Bin Laden thing has been ‘hinky’ from the start with both the Seal Teams and Powers that be claiming and then disclaiming things. I say we do not know exactly what happened other than that Bin Laden is dead and more than likely will NEVER KNOW exactly what went down.
The DEA should have seized your money until you could prove it was not proceeds from the sale of drugs.
she is a self-promoter more than anything else, and whether or not she is O.K on some issues it does not change the fact that she has been a nut-case promoter of some dumb unfounded conspiracy theories in the recent past, and my view is that she has not gotten enough public notice lately and so is hyping another unproven conspiracy - banks refusing to allow a customer to cash-out an account
Many small banks are actually in much better shape than the big boys when you look at the actual net worth and the type of investments they make.
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If you mark their assetts to true current value there’s not a single person here that isn’t at least a few dozen billion better off than BAC , WF and JPM.
Flashing back to money and banking class in the 70’s. Seems to me a healthy bank in those days would never roll their $$ (may have been restricted by regulation) more than seven times.
Heard on a heritage program a few days ago that the banks like Lehman had turned their deposits (reloaned) up to 40+ times when they failed.
They also said this couldn’t happen today because the “litmus test” passing banks will have no more than a 20 time exposure of loans to deposits.
Our money and banking system and our Federal Reserve with a congress and president as accesories after the fact is going down with all hands, there are no lifeboats.
Even so, Gold Standard, come! (while I contemplate the Dark Side of the Moon concert)
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