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Old 09-15-2008, 05:03 PM
 
1,651 posts, read 2,703,594 times
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That isn't peoples faults, they weren't the greedy ones, that was the managers and rich people.
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Old 09-15-2008, 05:32 PM
 
485 posts, read 1,627,866 times
Reputation: 383
He has it hidden all over the house in a variety of safes that are fire proof.
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Old 09-15-2008, 05:41 PM
 
1,813 posts, read 5,142,915 times
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Give me his name and address.
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Old 09-15-2008, 05:52 PM
 
1,651 posts, read 2,703,594 times
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Quote:
Originally Posted by tamitrail View Post
Give me his name and address.
Seriously?!
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Old 09-15-2008, 06:02 PM
 
Location: Broward County
2,518 posts, read 9,694,697 times
Reputation: 1333
Quote:
Originally Posted by Refugee56 View Post
A relative of mine is convinced we are heading into the next great depression and does not trust the bank, brokerage firms or the FDIC. He pulled out all of his money from the bank and now hides it under his mattress. All $124,000 of it.

He had to get the approval of a bank vice president to get all his money out of the bank and into currency. He spent almost an hour arguing with them and had to come back later in the day to collect his money.

I would at least put some of it in safety deposit box but he does not trust the bank with their key.

Is this man a genius or an idiot in today's strange ecomonic times?


He is a tard...I am sorry....but he is.
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Old 09-15-2008, 06:04 PM
 
1,956 posts, read 4,678,366 times
Reputation: 1101
Quote:
Originally Posted by Movie Lover View Post
That isn't peoples faults, they weren't the greedy ones, that was the managers and rich people.
I wouldn't say that. There's plenty of poor and middle-class idiots out there who latched onto the "keep up with the Jones" mentality and bought houses they knew they couldn't afford. They're just as guilty in my opinion.
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Old 09-15-2008, 06:13 PM
 
1,813 posts, read 5,142,915 times
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Quote:
Originally Posted by Movie Lover View Post
Seriously?!
No. I was just making a point. We know he has $124K at home. We know he has it dispersed throughout his house in fireproof safes. All we (or some other unscrupulous person) needs is his address and...well.....
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Old 09-15-2008, 06:15 PM
 
1,956 posts, read 4,678,366 times
Reputation: 1101
Quote:
Originally Posted by tamitrail View Post
No. I was just making a point. We know he has $124K at home. We know he has it dispersed throughout his house in fireproof safes. All we (or some other unscrupulous person) needs is his address and...well.....
Agreed. The man is an idiot.

To the OP - please write us back as soon as it all gets stolen. We need a laugh on the financial and business forum these days!
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Old 09-15-2008, 06:34 PM
 
Location: SoCal
316 posts, read 628,548 times
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Quote:
Originally Posted by Refugee56 View Post
A relative of mine is convinced we are heading into the next great depression and does not trust the bank, brokerage firms or the FDIC. He pulled out all of his money from the bank and now hides it under his mattress. All $124,000 of it.
All I can say, Is It must be nice having that much Cash !!!!
I DONT EVEN HAVE TWO DIMES TO RUB TOGETHER!


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Old 09-15-2008, 06:37 PM
 
28,906 posts, read 45,220,684 times
Reputation: 45815
Quote:
Originally Posted by StoneOne View Post
It is definitely stupid, but I have a very hard time believing it's illegal. America isn't that fascist...yet...
Actually with all the money laundering laws, it is.

Back to your relative. Tell him not to be an idiot. Tell him to go online to bauerfinancial.com and check out the bank ratings for relative safety. At the very least, he needs to rent a safe deposit box and put the money in that.

But keeping that much in his house?

On second thought, DM his address to me, and I'll drive over there and talk sense to him.
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