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To: GeronL
-- No legal right.... to your own money? --

When you deposit money with the bank, it becomes the bank's money, as a matter of law.

Obviously, it behooves them to honor your request to withdraw funds, but there is a reason for the FDIC apparatus. If a bank is unable to return your deposit (the bank goes insolvent), you do NOT have a cause of action against the bank, to "get your money back."

81 posted on 10/04/2011 2:38:23 PM PDT by Cboldt
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To: Cboldt

Mattresses will rise again! I say, I say the Mattresses will rise again!


94 posted on 10/04/2011 3:04:26 PM PDT by GeronL (The Right to Life came before the Right to Happiness)
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