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Warren's anti-Wallstreet positions have some populist appeal over a fairly wide range of the political spectrum. But once you get beneath the surface populism I think you'll find a radical leftist who wants do to alot more than just rein in the Wall Street sharks.
She wants to get the banks out of the picture from calling shots in government.
The Progressives and the banks don't get along.
I don't care about your support of Warren or your disdain for Chase, but why 9999 at a time? If you go into the bank and fill out a cash withdrawal slip for $9,999, I guarantee that they're still going to make you complete an 8300. Or better yet, just get a cashiers check for your whole balance and move it all at once, without worrying about the form.
What's this $9,999 stuff?
Anything over $10k used to be reported to the FBI, no matter the vehicle for transfer. This was one of the things they thought would thwart drug dealers. That certainly worked out well, huh?
The thing he must not know is that under Obama it has been reduced to $5k. He better plan on moving 4999.00 at a time. It should also be monthly rather than daily, because they'll report abnormal deposits, and dozens of $4999 deposits would be completely abnormal.
Anything over $10k used to be reported to the FBI, no matter the vehicle for transfer. This was one of the things they thought would thwart drug dealers. That certainly worked out well, huh?
The thing he must not know is that under Obama it has been reduced to $5k. He better plan on moving 4999.00 at a time. It should also be monthly rather than daily, because they'll report abnormal deposits, and dozens of $4999 deposits would be completely abnormal.
Its now $5000? That's crazy. Heck, with that measly deposit the FBI should be working triple time nailing 5&dime petty crooks and regular folk.
What we have is a 2 party system... I was very disappointed in Bush but at the end of the day who is going to nominate and confirm judges closer to your values as a libertarian to the SCOTUS. Democarts or Republicans.
Well, in that case I would have to vote for the Dem candidate if I must. Repub judges and justices vote more according to their bible (book of fiction) than the actual Constitution of the United States. If I lived in a swing state (where my vote mattered), I'd vote for the Dem.
It may have something to do with the law that any deposit of $10,000 or more must be reported by the bank. To whom, I'm not sure but I think the law was created to weed out drug dealers.
That's the 8300 I was talking about. Any cash transaction over 10k is required to have an IRS form 8300 completed. Under 10k, it's at the banks discretion, but they're either encouraged or required (not sure) to complete one if they suspect that the customer is trying to avoid it.
Yep, it is now $5k, and this is also at the behest of the banks themselves. See, the harder it is to move money the better for the banks.
Interesting, I didn't know they lowered the amounts. I hate big banks with a passion. I quit Wells Fargo, closed the Sun Trust. I deal with my credit union and my local bank Burke & Herbert which has had a great reputation for the past 150 years.
I really didn't mean to derail the thread by asking about his strange $9,999 thing. I was just curious. Please don't let it stray you from the actual topic, which is something about a senator and his bank. Or something.
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