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Old 04-25-2013, 07:36 AM
 
3 posts, read 5,955 times
Reputation: 10

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Quote:
Originally Posted by BinxBolling View Post
Do people really keep a million dollars in a savings account?

Not if they are playing with a full deck. FDIC only guarantees accounts up to 100,000.

HES
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Old 04-25-2013, 08:12 AM
 
25,556 posts, read 23,980,472 times
Reputation: 10120
Quote:
Originally Posted by H E SAWYER View Post
Not if they are playing with a full deck. FDIC only guarantees accounts up to 100,000.

HES
No, they cover you up to $250,000 FDIC: Deposit Insurance Summary

But since you're dealing with Chase, a bank that was too big to fail during the financial crisis, there's likely nothing to worry about. Chase isn't going to be allowed to go under.
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Old 04-25-2013, 09:16 AM
 
2,691 posts, read 4,331,224 times
Reputation: 2311
Quote:
Originally Posted by Norwood Boy View Post
Your right. Not every person is going to Regis or Bronx Science or Horace Mann. Sorry, That's America. But what one person can do is attend class and get legal employment. Let's say your not a great student, with a hs diploma that should be able to open the door to civil service. Become a Fireman, Cop, Corrections, or a sanitation worker. These jobs I listed after 5 years of employment make over 100k annually. Now is this person moving into UES or a brownstone in Brooklyn heights? NO. But it's a pathway into middle class and maybe your kids will make the next leap. I was watching Anthony Bourdain the other night on my return flight from PR. he was Seattle. Anyhow he was driving a 100k car that was powered by electricity. Anyhow some hipster pulls up to him and says nice F' en car for family of 1%ers. WTF it's like people who actually become successful have to be ashamed because they make money???
So true. I've never understood the hood mentality (or the red neck mentality, if it's called that). In America, the path to a better life isn't hard: graduate high school, get a post high school education, then get a job. No one is saying you have to go to Horace Mann then Harvard and become a doctor or lawyer but get a freaking HS diploma, go to vocational school, and you should be able to find a decent paying job that will give you a comfortable life in Queens, the BX or non-trendy BK. I think a lot of immigrants, especially ones from Africa and Asia, get this concept. Their parents come here and work as cab drivers but their kids end up with jobs that put them solidly in the middle or even upper middle class spectrum.
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Old 04-25-2013, 10:33 AM
 
25,556 posts, read 23,980,472 times
Reputation: 10120
Quote:
Originally Posted by jad2k View Post
So true. I've never understood the hood mentality (or the red neck mentality, if it's called that). In America, the path to a better life isn't hard: graduate high school, get a post high school education, then get a job. No one is saying you have to go to Horace Mann then Harvard and become a doctor or lawyer but get a freaking HS diploma, go to vocational school, and you should be able to find a decent paying job that will give you a comfortable life in Queens, the BX or non-trendy BK. I think a lot of immigrants, especially ones from Africa and Asia, get this concept. Their parents come here and work as cab drivers but their kids end up with jobs that put them solidly in the middle or even upper middle class spectrum.
Well, among the underclass you had people on generational welfare, concentrated in projects where its possible for everyone you know or hang out with to be on welfare. So everyone reinforces everyone's decline to the bottom.
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Old 04-25-2013, 10:53 AM
 
Location: USA
8,011 posts, read 11,405,966 times
Reputation: 3454
people will never possibly understand everything.
that's why you just gotta let people be who they
want to be and don't worry about it. you can't
change everybody.
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Old 04-25-2013, 12:18 PM
 
26,585 posts, read 62,054,681 times
Reputation: 13166
Quote:
Originally Posted by H E SAWYER View Post
Not if they are playing with a full deck. FDIC only guarantees accounts up to 100,000.

HES
WRONG. They insure up to $250K. Again, that might be a Money Market based savings account. Not enough info with two scraps of paper.
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Old 04-25-2013, 12:19 PM
 
26,585 posts, read 62,054,681 times
Reputation: 13166
Quote:
Originally Posted by NyWriterdude View Post
Well, among the underclass you had people on generational welfare, concentrated in projects where its possible for everyone you know or hang out with to be on welfare. So everyone reinforces everyone's decline to the bottom.
This is not the problem of the taxpayer. begin to cut off benefits and their attitudes will suddenly change drastically.
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Old 04-25-2013, 12:24 PM
 
Location: New Jersey!!!!
19,049 posts, read 13,968,817 times
Reputation: 21519
Quote:
Originally Posted by 11KAP View Post
people will never possibly understand everything.
that's why you just gotta let people be who they
want to be and don't worry about it. you can't
change everybody.
We don't have to let them be what they want to be on our dime though. I've read enough of your posts now to see that you have a defeatist attitude when it comes to taxes. It does not have to be the way it is in NYC and NYS. If you look at other municipalities and states, there are places that manage their tax dollars far better, and still offer some semblance of help to the poor.

We on the other hand have a system in place that encourages people to remain poor and pass the lifestyle onto their offspring. This needs to change. We don't need to let them "be who they want to be" when we're paying for it.
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Old 04-25-2013, 12:24 PM
 
Location: new yawk zoo
8,695 posts, read 11,084,011 times
Reputation: 6380
Quote:
Originally Posted by high iron View Post
ANyone with a million bucks in a Chase savings account is either up to no good, or knows something we don't know, or needs to take their fiscal advisor out behind the barn and shoot them like a dog.
if it was someone like Bloomberg, a million is pocket change.

I personally know people who sneeze out 100 grand like some of us spend an equivalent of $100
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Old 04-25-2013, 12:27 PM
 
Location: Lower east side of Toronto
10,564 posts, read 12,822,450 times
Reputation: 9400
Quote:
Originally Posted by 11KAP View Post
^ obama as done more to keep the rich richer
so what are you really trying to say?
Rich people install presidents. The job of the President is to make sure the rich stay rich...That's the contract. If you don't agree to that contract you don't become President...need I explain the way of the world too you?
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