Posted on 01/19/2012 5:17:54 PM PST by Kartographer
OBL was never the reason we went into Afghanistan. Disrupting AQ and its fellow organizations and getting an American presence in Central Asia were very important and we needed OBL to stay alive while we did that. The kenyan wanted/wants to get out of Asia and to lay off his Islamist colleagues so OBL was "killed."
A cashiers check is the same as cash but with a paper trail.
Not exactly the same as cash. However there are cashier check scams in today’s environment more so with the advent of the internet.
Do a search on cashier check scams and you find some interesting info.
Class warfare warrior.
“They didn’t know what a “zero-balance lockbox account” was,”
I’d never heard of that type of account. Are they still around and what is the benefit?
We operate with two currencies intermingled.
One is physical dollars, of which most is on loan to someone else.
Other is debt dollars, which exists entirely in the form of transferrable digital IOUs (making a chain back to the Federal Reserve).
The former is about 1/10th of what’s claimed to exist. Much of what exists is locked up in very large very secure vaults, and isn’t going anywhere.
The latter is impossible to withdraw per se, as it has no form beyond recorded debt.
So yeah it’s hard to cash out in large amounts. There isn’t enough paper dollars to go around.
My friend’s story is the only time I’ve heard of them too. It sounds like a ‘virtual’ account in which you keep no balance, but you can dispense funds from, triggering automatic transfers from some master account.
I suppose it’s a way of tracking your expenditures, or those of your agents and assigns. It probably sidesteps certain bank expenses, such as the minimum balance requirement. I wouldn’t be surprised if there were tax advantages, since tax issues now pervade every aspect of our lives.
Banks are so strangely idiotic. I guess it rubbed off from their intimate contact with the gummint since basically forever.
BTW, I should explain that the bank mentioned in my story was not the B of A.
Interesting.....
“Bingo. I tried to cash a check at BOFA a year or so ago for $3,000. You would have thought I was robbing Fort Knox. The teller looked at the check like it was a snake then called the Head teller over. “
Tell me more about the check. I assume it was made out to you. Did you sign it or did someone else? Was it drawn on another bank?
“Tell me more about the check. I assume it was made out to you. Did you sign it or did someone else? Was it drawn on another bank?”
It was a check from my BOFA corporate checking account which I made out to myself and signed. I had had an acct at that bank for 17 years. They did the same thing to my fiancee’ who also had a corporate checking acct there. In fact they told him that any check over $5,000 you had to order the cash 2 days in advance. I kid you not.
A bank that is basically insolvent does not have much cash. They barely keep enough cash to do that day’s business. Anytime one of the 4 largest banks in the country cannot cash a $3,000 check there is a big problem.
Thankfully we are gone from BOFA never to return. We moved everything over to a small Asian owned commercial international bank where I have had an acct for years. They will move millions around for you all day long no problem.
It did occasionally cause a problem and we would get the call from a panicked employee wanting to know if the company had gone under because "the cashier said there was no money in the account!"
If you deal with large sums of money and you want the money working rather then just sitting there then they are good things to have. But unless you deal with millions they generally aren't worth it.
“It was a check from my BOFA corporate checking account which I made out to myself and signed. I had had an acct at that bank for 17 years.”
OK. I got it. Any check that is made out to yourself and signed by your self is automatically scrutinized. This is an internal control mechanism designed to prevent “kiting”.(A fraudulent scheme which puts the bank at risk of losing money).
In addition, any transaction $3000.00 or over has to have special handling due to Federal Government money laundering rules. It used to be $10,000. They may have lowered it to less than $3000 by now.
Drug dealers have “smurfs” who spend their entire day running around to various banks, post offices etc. turning drug money into laundered funds.
Banks only keep the amount of cash on hand that they typically need to cover the usual cash flow. The rest is at the Federal Reserve Bank. This is to reduce risk of loss in case of robberies for example.
Also, the large banks due to all the mergers that have transpired are often running on numerous versions of software, which sometimes leads to inaccurate data and/or difficulty with access to info.
You will almost always have better service from a small bank who really “knows their customer” than a large bank that has to go by policies and procedures due to large volumes of customers, rather than a personal relationship.
I use the small community banks or state banks for most of my day to day stuff for just this reason.
you sound like the author of the nutty “seal team six OBL operastion” conspiracy theory that Ms Barnhardt tried to spread - pure conspiracy theory speculation without a sshred of evidence and with zero support anywhere except fellow-travelers who, with similar lack of foundation, accept the same nutty belief
Where’s your (or anyone else’s) proof it wasn’t?
A theory is not proof.
My mortgage is with WF. I just hope they hold it together long enough for it to be paid off, just for the paperwork hassle that them going belly-up would cause on that front. I just have a few years to go.
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“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.”
among whatever was claimed and subsequently disclaimed, regarding the operation’s details,
the core essentiqals, that they ID’d OBL, that the Seal Team Six unit killed him, and that his body was dumped at sea
(to forever remove the possibility of returning his reamins to anyone, or us giving them a “proper burial” and a gravesite, and those remians thereafter becoming a pilgrimage site - as POTUS I would done the same thing)
those core elements were not among the “confused” aspects of the reports.
As far as I am concerned, this was not so much an achievement of Obama as it was the achievement of a continuous priority intelligence effort, begun under the GW Bush admin, carried out thereafter by the same intelligence and military people who were given this mission at that time, and it’s final success came by THEIR efforts, while Obama was the passenger in the WH.
Had OBL’s team earlier made the final fatal mistakes that provided the intelligence opportunities we needed to cinch identification of his whereabouts, his end could have come sooner, even before the Obama admin. Had OBL’s team never yet made their final fatal mistakes, our OBL-hunting team would still be working on their mission.
Due to the role of our media and the way it works, it creates an ignorant American public that assigns every national problem and everything American’s could be happy about, during any period of time, as end products of the resident of the WH at that same time.
Often, especially with the economy, our presidents are often no more than the passengers, like us, witnessing conditions - good or bad - that have their core causes in things that happended and long-term forces that preceded their time in office.
This is not to say that a president, like Obama, cannot be blamed for anything today. However, even now, when it comes to the economic conditions today, Obama can be blamed most not for directly creating them as much as for his arrogance that he could direct some Federal magic wands that would quickly repair them (an economy felled by an economic bubble that burst will recover sooner and with greater repair with less-government interference in the markets, not more), and for the arrogance that his paricular policies (Federal pump-priming stimulus) would do that.
In time, we may (most likely) be able to blame him more for direct national-economy problems that will likely arise mostly after he leaves office as a result of conditions created by policy decisions he is making now.
Given all I bave said above, as those problems become manifested in the economy, the role and the behavior of the media will assuridly place them in the blame column of whomever is the resident in the WH at the time; because they will happen “on their watch”.
As far as OBL’s death is concerned, in the largest truth of it, Obama was the resident WH passenger at the time; and little more. If he can be given any credit at all, at the most it would be for not changing or ending the special OBL-hunting operations established and intiated by his predecessor.
You would not have anything to worry about. I was 27 years in the mortgage business. All that would happen if Wells went under is that their portfolio would get sold to someone else and you would send your check to a different address.
http://www.finra.org/Industry/Issues/AML/
http://answers.yahoo.com/question/index?qid=20090205191027AAOr0jC
You’re right, due to Anti-Money Laundering, Know Your Customer and Patriot Act rules banks are forced into some pretty stringent reporting when it comes to cashing checks and depositing/transferring/withdrawing money.
The ATM restrictions are there so the machines don’t run out of money too quick and if the withdrawal is large enough certain paperwork must be filled out and the customer must provide verifiable information (Patriot Act). The limit is also dependent on what type of customer you are, usually calculated by a score that takes into account your total relationship with the bank, deposits, activities, etc. Most people get a standard $500 limit, others might have $1000/1500 or even $250.
Trust me, I work in technology at a bank and have to take a test every year! We have systems upon systems to handle/report due to these government restrictions.
Oh, don’t ask a teller or other branch worker, rules and regulations disallow them from talking to you about everything they have to do. Wait until Dodd/Frank is fully implemented...
The technology that is involved to meet regulations is amazing, and still it can't prevent a lot of things.
No proof...but it certainly sounds suspicious
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