Safety deposit boxes and HS
This snippet is circulating over the internet and said to be a true story... you might want to check it next time you go to visit your bank:
I use a small locally owned bank and know all the tellers very well. I had heard a rumor that ALL banks were briefed by Homeland Security about a new procedure last fall. I casually asked a female teller when she had her homeland security briefing-- Nov. or Dec? She asked how I knew about the secret briefing.. I said I was a stockholder and tried to keep up on the bank's progress.
She said the stockholders were not to be informed --only bank employees.
She looked around to see if anyone could hear us.. I said not to worry, I would keep quiet(she obviously did not know me).
She said that in case of a financial panic or another 911 or some other catastrophe, martial law, one could not get into their safe deposit box unless a person with HS was present. I asked why and she said they were looking for terrorists.. I asked what a terrorist would have in a safe deposit box? She said large amounts of cash, gold, silver, guns, drugs, etc. She said HS would confiscate it.
She asked me again not to mention the conversation-- she could lose her job.
This is the truth. Find a friendly teller at your bank--confirm it. Read the small print on your safe deposit box contract.. Hell, read the small print on your checking and savings agreement. Once you put the money in the bank- you lose control and possibly your money.. Ask the customers at Northern Rock in England this year.
Why do we need banks at all?
Fortune Favors the Bold
I don't use them. Never trusted them
Fortune Favors the Bold
Wouldn't be surprised.
Crap like this, and the "Bank Secrecy Act" and "Community Reinvestment Act" and "Reg CC" (600 pages regulating check clearance because crappy banks were sitting on people's deposits to earn float), as well as their associated draconian administrative penalties for (even accidental) non-compliance were all good reasons for getting out of the banking business in Amerika.
You want to know why your banks all suck, it's because the big guys made compliance heinously expensive for the little guys, and the gov't wanted us to spy on our customers for them, and we said no way and we left! I think the straw that specifically broke our back was when some low grade moron from the IRS slapped a tax lein on the personal property of a bank employee based on a mere claim by a bankrupt debtor that the bank had advised him not to pay his payroll taxes. This of course was beyond ludicrous, the loan was a tiny amount and the debtor of course faced serious prison time for withholding but not forwarding his employees' payroll taxes. Of course the IRS went after these poor employees too, like they had any inkling that their employer was a liar and a crook.
Anyway, it's not anything new; as the poster below pointed out, gold bullion was confiscated under FDR and several other times in this country before him. The gov't can't stand competition, and they sure don't want some other legal tender to supplant their precious Federal Reserve Notes.
$
Credit Unions?
I know they are federally insured but anyone know if they are different than banks?
They are worse
They are more strictly under the control of the FED. They would only give me $1,000 a day CASH when I had 15K in the bank. The credit union employee's were assholes to me and I will never go back to them or trust them with my money.
Good thing
Fortune Favors the Bold
I don't use banks
Fortune Favors the Bold
just an FYI - attitude change at my (Canadian) bank
It is not uncommon for me to take out 1 or 2 Gs at a time. i prefer to pay with cash where possible and the rest goes into our safety net. Last week I went to withdraw one thousand at my branch and a new young bank clerk looked like a deer in the healights when I told him my withdrawal (paperless banking) . It was weird. He went to get a supervisor. I reminded him it was MY money. He said it was over his "limit". HUH? This is the Royal Bank of Canada and I will be making lots of those withdrawals in the near future. I agree with whomever said leave in only enough in to pay bills. I also don't buy RRSP's which is a huge tax break here in Canada. If you keep your money in a registered financial institution you don't pay tax on it, keeping taxes down to a minimum. When you take it out, then you pay tax. It has always bothered me that not only are my savings locked up but that everyone, government, bank, knows how much I have saved and when I took it out. I'm done.
cw
How are things north of the border?
Fortune Favors the Bold
Are there any candidates there who oppose the NAU? Is there widespread opposition to Bush's new North American army plan?
Fortune Favors the Bold
Dumberhalf you said: "You
Dumberhalf you said:
"You don't mean 'when" they close banks down, you mean "if' they close the banks down..my wife has been in banking 40 years and never has one been closed down, nor does she expect it to be closed down anywhere in the foreseeable future...you're fear mongering"
2007
The list of Bank Failures and Assistance Transactions is updated through October 4, 2007. Please address questions on this subject to the Customer Service Hotline (telephone: 888-206-4662).
February
Metropolitan Savings, Pittsburgh, Pennsylvania, with approximately $15.8 million in assets was closed. Allegheny Valley Bank of Pittsburgh, Pennsylvania has agreed to assume approximately $12.0 million of insured deposits. (PR-9-2007)
September
NetBank, Alpharetta, Georgia, with approximately $2.5 billion in assets and $2.3 billion in total deposits was closed. ING Bank, fsb (ING DIRECT) has agreed to assume $1.5 billion of the failed bank's insured non-brokered deposits. (PR-81-2007)
October
Miami Valley Bank, Lakeview, Ohio, with approximately $86.7 million in assets and $76 million in total deposits was closed. The Citizens Bank Company has agreed to assume $62 million of the failed bank's insured deposits. (PR-83-2007)
2008
The list of Bank Failures and Assistance Transactions is updated through January 25, 2008. Please address questions on this subject to the Customer Service Hotline (telephone: 888-206-4662).
January
Douglass National Bank, Kansas City, Missouri, with approximately $58.5 million in assets was closed. Liberty Bank and Trust Company of New Orleans, Louisiana has agreed to assume all deposits (approximately $53.8 million). (PR-7-2008)
This FDIC URL lists all bank failures since 1991 after the S&L meltdown. These are just regular banks.
http://www.fdic.gov/bank/historical/bank/index.html
I believe that banking institutions are more dangerous to our liberties than standing armies.The issuing power should be taken from the banks and restored to the people to whom it properly belongs.
Thomas Jefferson
“It does not require a majority to prevail, but rather an irate, tireless minority keen to set brush fires in people's minds”
-Sam Adams
I meant
One of her banks..banks are no different than any other business...Bank failures are few and far between and most deposits are fully insured
FDR confiscated gold
right out of safety deposit boxes too. I don't trust them with anything but money for paying bills and enough for the normal cash withdraws when needed. Banks suck.
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A little update
After betterhalf tried to call me out....and betterhalf...I see everybody has called you a troll...and I hope you are not....I went to my bank site...and tried to find the disclosure statement... And I found it. It is pretty scary...here it is...right from my banks website.. (After 30 pages of reading I found this.) This is why I pulled 80% of my funds. I will not be caught up in some bank frenzy....If it happens.
........................."This bank reserves the right to require members to give notice in writing of any intended withdrawals from any account (except checks) of not less than 7 days and up to 60 days, as required by law, before such withdrawal. ".......................
This is a pretty vague statement....
WOW!! As I found out it is MAX $3000 cash only.....otherwise it is up to 60 days. Took me 10 days to get a scheduled withdrawal.
So just to let you people know.....This was buried deep inside the 30 pages of legal B.S. So beware, your money in the bank may be held.
absolutely correct
there are laws about what they "have" to give you....those were put into effect to prevent runs on banks...but there are no unresonable limits around here for withdrawls..I might add there are no Bank of America or Citi banks here..maybe that's why, because they can't compete with services..I can't tell you why that is, but it is...I also looked up a senior only online bank and they said their withdrawl limit was $50,000 a day
???
Which Bank is that? I need to deposit there!
Hope
I checked so many, but hopefully this is the right link:
http://www.icicibank.com/pfsuser/icicibank/depositproducts/p...
lol
that's not the right link
??
Then what is?? Tell me the bank that allows $50,000 cash withdrawals per day please!
take action, a question...
why are checking transactions exempt from this requirement? Is it that cash doesn't leave the banking system as a whole? Generally, a large check will simply be deposited at another FDIC member institution.
So, these bank withdrawal limitations must be industry policy and not just at the whim of the individual banking corporation.
Crap
that's not the right one..I'll see if I can find it again..
Yes Yes Yes
You Got it.... A Check or Cashiers check is not cash. It stays in the system. As soon as you pull real (I mean fake photocopied) cash, you are taking away from the banks power to lend. Do the research on "Fractional Reserve Banking" . If you understand this term 100%, it will scare you. The banks only maintain 5% to 10% of their assets in cash.
Full article from the Wall
Full article from the Wall Street Journal.
Via: Wall Street Journal:
The Federal Deposit Insurance Corp. is taking steps to brace for an increase in failed financial institutions as the nation’s housing and credit markets continue to worsen.
The FDIC is looking to bring back 25 retirees from its division of resolutions and receiverships. Many of these agency veterans likely worked for the FDIC during the late 1980s and early 1990s, when more than 1,000 financial institutions failed amid the savings-and-loan crisis.
FDIC spokesman Andrew Gray said the agency was looking to bulk up “for preparedness purposes.” The division now has 223 employees, mostly based in Dallas.
The agency, which insures accounts at more than 8,000 financial institutions, is also seeking to hire an outside firm that would help manage mortgages and other assets at insolvent banks, according to a newspaper advertisement.
In public, policy makers are debating what role the government should play in trying to stabilize the housing market and minimize foreclosures. Meanwhile, regulators have worked discreetly behind the scenes to closely monitor the growing number of troubled banks and thrifts considered at risk.
“Regulators are bracing for well over 100 bank failures in the next 12 to 24 months, with concentrations in Rust Belt states like Michigan and Ohio, and the states that are suffering severe housing-market problems like California, Florida, and Georgia,” said Jaret Seiberg, Washington policy analyst for financial-services firm Stanford Group.
In job postings on its Web site, the FDIC said it is looking for people with “skill in performing duties associated with a financial-institution closing, such as receivership management, resolutions and/or asset disposition; knowledge of the resolutions process as it relates to complex financial institutions.” Such positions would require “very frequent overnight travel,” the posting said, and would pay up to $180,770.
“The notion of bringing back some people who have been through it before is very smart,” said William Isaac, who was FDIC chairman from 1981 until 1985. All told, the FDIC has roughly 4,600 employees, far fewer than the about 15,000 it had as recently as 1992.
On Sunday, the FDIC ran a newspaper ad seeking companies that could service commercial loans, mortgages and student loans in the event of a bank failure. It didn’t say how much a company could earn in this area.
The FDIC rated 65 banks and thrifts as “problem” institutions at the end of the third quarter of 2007, up from 47 institutions a year earlier. Both figures are low by historical standards. At the end of 1993, there were 572 “problem” banks and thrifts. The FDIC is expected to update its data on “problem” institutions today.
I believe that banking institutions are more dangerous to our liberties than standing armies.The issuing power should be taken from the banks and restored to the people to whom it properly belongs.
Thomas Jefferson
“It does not require a majority to prevail, but rather an irate, tireless minority keen to set brush fires in people's minds”
-Sam Adams
FDR confiscated gold back in
FDR confiscated gold back in 1933 - see the executive order for yourself at http://www.wellsfargonevadagold.com/confiscation-order.pdf
...
It's becoming quite fascinating..:)
I have contacted the person who has relayed the information in my post which started this thread.
I have asked him to perhaps join here and give his response to the responses in this thread as I find it rather difficult to accept that the info he has provided is called false and basically is called a liar.
I put his integrity above the integrity of many others I know, hence my request to him..
Here is one response:
I can only vouch for my own experience-actually two. I was at another branch of the bank to take a truck title from my safe deposit box the next day The teller remarked to me that this must be "safe deposit box day". While I was there, two other customers wanted access to their box. I remarked to the teller, " Maybe they heard about Homeland Security." She got the darndest surprised look on her face-but said nothing. Unless Snopes is threatened by HS, have them call me.
Snopes CANNOT be the experts on everything.
No, I do not post there. I will look though.
Those who have the privilege to know, have the duty to act-- Albert Einstein
and his 2nd response:
I just emailed snopes my experience.. Go find a talkative teller at your bank. I will approach another teller tomorrow and get back to you. I asked Snopes if they did not believe the fascists in Government had taken the power to do something like this.
end of email
Personally I forgot about the aspartame bit... Snopes is as trustworthy as Wikipedia I think ... and when researching Snopes is usually not on my list as a reliable source.
Hannah, this has obviously proven to be a successful
thread, so thanks for stimulating a conversation.
However, I find your friend's email response to be unhelpful. From him:
While I was there, two other customers wanted access to their box. I remarked to the teller, " Maybe they heard about Homeland Security." She got the darndest surprised look on her face-but said nothing.
Okay, so your friend tosses out some comment on Homeland Security and the teller has a surprised look on her face and that is supposed to mean what? LOL. That she is surprised that your friend "knows" something secret? Maybe she thought he was a crazy weirdo. "but said nothing". Absolutely meaningless to me. I guess I could go to my bank branch tomorrow and ask them if they'd heard that all the cash in the branch is counterfeit. Probably would get a "damndest look of surprise".
CITI BANK
If you want to go read some of the small print that has just been implemented (quietly) 1-2 months ago you will find that they have instituted "limits" to what a depositer can withdraw. I believe it is $2000/day and $10,000/month.
I also just got notification from Compass with something similar.
You might want to www.runtogold.com and check out some of the information there. Look at the scary fed charts in the blog section.
LIMNAHLADY
where is this small-print located? I can find no such
restrictions on the Citibank website nor in any google search. The only item on limits was Citibank reducing the limits on ATM machines in the NYC area ONLY due to a rash of hacking. That was in January. So, without a link, your info cannot be confirmed or believed.
Dumber half you didn't
Dumber half you didn't withdraw $15,000 on Friday. Your an idiot.
Your wife must have taken a vacation back when the Savings and Loan debacle took place. Between 1980 and 1994 more than 1,600 banks insured by the Federal Deposit Insurance Corporation (FDIC) were closed or received FDIC financial assistance. [14]
Cost to the American Taxpayer over $1.4 TRILLION dollars (note that this was about one quarter of our national debt).
Bush family -http://members.tripod.com/rationalrevolution0/war/bush_family_and_the_s.htm
McCain - Keating Five and Savings and Loan Crisis and John McCain.
McCain became enmeshed in the Keating Five scandal of the 1980s, in the context of the Savings and Loan crisis of that decade. Between 1982 and 1987, McCain had received approximately $112,000 in political contributions from Charles Keating Jr. and his associates at Lincoln Savings and Loan Association, along with trips on Keating's jets. [73] Subsequently, in 1987, McCain was one of five Senators whom Keating contacted in order to prevent the government’s seizure of Lincoln, which was by then insolvent and being investigated for making questionable efforts to regain solvency. At Keating's request, McCain met at least twice in 1987 with the chairman of the Federal Home Loan Bank Board to prevent the government's seizure of Lincoln.
McCain and some of his family at the September 1992 christening of USS John S. McCain at Bath Iron Works in Maine. Left to right, John McCain; his mother Roberta McCain; his son Jack; his daughter Meghan, ship's maid of honor; and his wife Cindy McCain, ship's sponsor.On his Keating Five experience, McCain said: "The appearance of it was wrong. It's a wrong appearance when a group of senators appear in a meeting with a group of regulators, because it conveys the impression of undue and improper influence. And it was the wrong thing to do."[74]
Federal regulators ultimately filed a $1.1 billion civil racketeering and fraud suit against Keating. The five senators came under investigation for attempting to influence the regulators. In the end, none of the senators were convicted of any crime, although McCain was rebuked by the Senate Ethics Committee for exercising "poor judgment" in intervening with the federal regulators on Keating's behalf.[74
I believe that banking institutions are more dangerous to our liberties than standing armies.The issuing power should be taken from the banks and restored to the people to whom it properly belongs.
Thomas Jefferson
I believe that banking institutions are more dangerous to our liberties than standing armies.The issuing power should be taken from the banks and restored to the people to whom it properly belongs.
Thomas Jefferson
“It does not require a majority to prevail, but rather an irate, tireless minority keen to set brush fires in people's minds”
-Sam Adams
S+L
savings and loans were a total different animal than conventional banks
sorry
but I got a cashiers check for $15,000 and bought my son a car..there are no restrictions on what I can withdrawl within reason... there are NO banks in this area that would not allow you to withdrawl more than a tiny sum of a few thousand dollars...that's ridiculous
Check???
You my friend are an idiot. A cashiers check is not cash. Go tomorrow and try and withdraw $15,000 in cash. You will see.
Are you saying I am not telling the truth? I have no reason to lie brother. The facts stand!