Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article

To: dalereed
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.

The DEA should have seized your money until you could prove it was not proceeds from the sale of drugs.

17 posted on 01/19/2012 6:28:27 PM PST by Ken H (Austerity is the irresistible force. Entitlements are the immovable object.)
[ Post Reply | Private Reply | To 10 | View Replies ]


To: Ken H

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)


20 posted on 01/19/2012 6:38:27 PM PST by Billyv (Freedom isn't Free! Get off the sidelines!)
[ Post Reply | Private Reply | To 17 | View Replies ]

To: Ken H

BS!!!

I always keep $80-100k in my checking account and have no problem getting large amounts of cash any time I want it, I just have to geve them notice so they can have iut on hand.


26 posted on 01/19/2012 6:47:52 PM PST by dalereed
[ Post Reply | Private Reply | To 17 | View Replies ]

Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson