Justice Department Rolls Out An Early Form Of Capital Controls In America

Zero Hedge ^ | 03/20/2015 | Tyler Durden

[Cheerio]

Something stunning took place earlier this week, and it quietly snuck by, unnoticed by anyone as the "all important" FOMC meeting was looming. That something could have been taken straight out of the playbook of either Cyprus, or Greece, or the USSR "evil empire", or all three.

This is how the WSJ explained it:
The U.S. Justice Department’s criminal head said banks may need to go beyond filing suspicious activity reports when they encounter a risky customer.

[Pride in the USA]

OMG! I did not know that you were experiencing this! OUTRAGEOUS! I don’t think it is the retirees living off their savings that the government needs to worry about.

[MSF BU]

I forgot all about coupon bonds. I am guessing you can still get the older ones that have not matured?

[Stentor]

And why should my going to my bank and withdrawing, say, $20,000 from my savings to buy a vehicle (or anything) be any business of the state?

The state has guns and licence and the need for funding. You are a shmoo. Jump in to the frying pan and be breakfast.