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To: Lurker

same with me.I can’t shed a tear for the bank that were participating in the risky trading.


22 posted on 05/25/2010 1:52:36 PM PDT by newnhdad (The longest of journeys begins with one step.)
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To: newnhdad
I can’t shed a tear for the bank that were participating in the risky trading.

It's not only that. There are Federal regulations governing Records Retention. I used to work at a bank doing nothing but that. I won't say exactly where but in the city of Chicago there's an entire 10 story building almost a block long that's full of nothing but one banks paperwork dating back nearly a century.

There was an entire Department at this bank, coincidentally enough known as the Records Management Department, that did nothing but keep track of all this paper and manage them from cradle to grave according to the Retention Requirements.

So like I said if these institutions didn't keep their paperwork straight I have no sympathy for them. This society lets criminals walk over chain of custody issues almost day. Banks should be held to the very same standard.

29 posted on 05/25/2010 2:02:08 PM PDT by Lurker (The avalanche has begun. The pebbles no longer have a vote.)
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