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Old 08-04-2011, 07:45 PM
 
Location: Maryland
18,630 posts, read 19,418,524 times
Reputation: 6462

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What a sad indictment on the sorry state of the economy.


BNY Mellon Slaps Fee on Some Deposits Above $50 Million - WSJ.com
Quote:
Bank of New York Mellon Corp. on Thursday took the extraordinary step of telling large clients it will charge them to hold cash.

The unusual move means some U.S. depositors will have to pay to keep big chunks of money in a bank, marking a stark new phase of the long-running global financial crisis.



The shift is also emblematic of the strains plaguing the U.S. economy. Fearful corporations and investors have been socking away cash in their bank accounts rather than put it into even the safest investments.
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Old 08-04-2011, 07:47 PM
 
Location: State of Being
35,879 posts, read 77,498,031 times
Reputation: 22752
Do what my grandparents did: put it in a box and bury it in the back yard, lol. No charge.
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Old 08-04-2011, 09:54 PM
 
2,023 posts, read 5,313,112 times
Reputation: 2004
One of the many problems with keeping all of your money out of the bank is if a corrupt cop stops you and catches you traveling with so much money, well they will steal it. It does happen.
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Old 08-04-2011, 09:56 PM
 
9,855 posts, read 10,413,498 times
Reputation: 2881
True sign that our ecomony is in the toilet. The bank charges you for having too much cash.
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Old 08-04-2011, 09:57 PM
 
16,431 posts, read 22,198,807 times
Reputation: 9623
Quote:
Originally Posted by 73-79 ford fan View Post
One of the many problems with keeping all of your money out of the bank is if a corrupt cop stops you and catches you traveling with so much money, well they will steal it. It does happen.
Yes. "Suspicion" is all that's needed to seize "evidence". We are not free. With Biden calling the Tea Party terrorists and Napolitano saying returning vets are potential terrorists, everyone is considered suspicious of terror or drug dealing.
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Old 08-04-2011, 10:07 PM
 
2,023 posts, read 5,313,112 times
Reputation: 2004
Quote:
Originally Posted by Bideshi View Post
Yes. "Suspicion" is all that's needed to seize "evidence". We are not free. With Biden calling the Tea Party terrorists and Napolitano saying returning vets are potential terrorists, everyone is considered suspicious of terror or drug dealing.
Its sickening. Just watch.


‪PirateFRAUD -- Texas Pirates stealing cars and cash‬‏ - YouTube


‪Police State - Cops Fight Over Stealing Your Money On Drug War Hoax‬‏ - YouTube
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Old 08-04-2011, 10:56 PM
 
1,230 posts, read 1,039,471 times
Reputation: 476
Quote:
Originally Posted by Bideshi View Post
Yes. "Suspicion" is all that's needed to seize "evidence". We are not free. With Biden calling the Tea Party terrorists and Napolitano saying returning vets are potential terrorists, everyone is considered suspicious of terror or drug dealing.
I read a twice weekly tiny town newspaper. One feature is the local sheriff's calls. In recent months among the "drunk in public", "grand theft auto", "credit card fraud", etc., there began to appear "terrorist threat" with some regularity. In reading the included short description of these "terrorist" activities, it seemed to me that these types of incidents used to be labeled differently- such as "assault" or "domestic violence".

Yes, anyone can be called a terrorist for just about any reason these days. And notice that terrorists now come in all shapes and and sizes and colors and nationalities. We are being programmed to see terrorism "everywhere" and in "everyone".

Any of us could be labeled a "terrorist" for just about any reason if the if the authorities wanted to make an arrest but really didn't have any specific charge that would stick. Terrorists have no rights.

I'm not saying that there are not those who terrorize others- but this broad interpretation under the "Patriot Act" is another very slippery slope.
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Old 08-05-2011, 06:56 AM
 
Location: Great State of Texas
86,052 posts, read 84,481,831 times
Reputation: 27720
Quote:
Originally Posted by DifferentDrum View Post
I read a twice weekly tiny town newspaper. One feature is the local sheriff's calls. In recent months among the "drunk in public", "grand theft auto", "credit card fraud", etc., there began to appear "terrorist threat" with some regularity. In reading the included short description of these "terrorist" activities, it seemed to me that these types of incidents used to be labeled differently- such as "assault" or "domestic violence".

Yes, anyone can be called a terrorist for just about any reason these days. And notice that terrorists now come in all shapes and and sizes and colors and nationalities. We are being programmed to see terrorism "everywhere" and in "everyone".

Any of us could be labeled a "terrorist" for just about any reason if the if the authorities wanted to make an arrest but really didn't have any specific charge that would stick. Terrorists have no rights.

I'm not saying that there are not those who terrorize others- but this broad interpretation under the "Patriot Act" is another very slippery slope.
Thank the DHS for that. They dangled that $$$$ carrot to state and local law enforcement via grants and additional funding. The catch though is that it's for national security and to prevent terrorism from rearing it's ugly head. So if they label more crimes as caused by terrorism then they get more money.

It's very simple and how other FedGov programs work that provide $$$.
Education is the same way..pass the kids or you don't get $$$ so we now have illiterate HS graduates that can't count their way out of a paper bag but those schools got their money cause the kids all passed.

DHS is giving money away to local law enforcement with these strings attached and IMO that is why we're seeing more local crimes using that "terrorist" label.

DHS | State Contacts & Grant Award Information (http://www.dhs.gov/xgovt/grants/ - broken link)
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Old 08-05-2011, 07:32 AM
 
24,404 posts, read 23,065,142 times
Reputation: 15013
Put the police, the DA and the mayor and anybody else involved, in prison. It wouldn't be hard to have federal agents or even journalists set up a sting and catch them.
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Old 08-05-2011, 09:45 AM
 
1,230 posts, read 1,039,471 times
Reputation: 476
Quote:
Originally Posted by HappyTexan View Post
Thank the DHS for that. They dangled that $$$$ carrot to state and local law enforcement via grants and additional funding. The catch though is that it's for national security and to prevent terrorism from rearing it's ugly head. So if they label more crimes as caused by terrorism then they get more money.

It's very simple and how other FedGov programs work that provide $$$.
Education is the same way..pass the kids or you don't get $$$ so we now have illiterate HS graduates that can't count their way out of a paper bag but those schools got their money cause the kids all passed.

DHS is giving money away to local law enforcement with these strings attached and IMO that is why we're seeing more local crimes using that "terrorist" label.

DHS | State Contacts & Grant Award Information (http://www.dhs.gov/xgovt/grants/ - broken link)
Thank you for this information. It makes sense....follow the money, as usual.
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