To: LibWhacker
What an idiot. His life saving in a non-interest bearing account (i.e. hiding it under a mattress). A safe is not FDIC insured nad does not help to establish credit.
208 posted on
12/21/2007 12:49:33 PM PST by
LetsRok
To: LetsRok
What an idiot. His life saving in a non-interest bearing account (i.e. hiding it under a mattress). A safe is not FDIC insured nad does not help to establish credit.
Actually I agree with you on the interest part, but that even makes it easier to seize. The way the asset forfeiture laws work, if an angry neighbor called the cops and said you were growing pot, and they came and searched your house and found nothing, they can stil seize you house and all you bank accounts and force you prove they were obtained legitimately, which is, of course impossible.
And the Supreme Court said that is just fine.
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