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*snort* Thanks for the morning giggle - which just may last until after lunch.
Re: Wells Fargo - I've had two mortgages through Wells Fargo, the first via selling a mortgage originally made through a savings and loan in suburban Cincinnati, then First Union and Wachovia. They offered a great rate when I bought a new house. Tried opening regular accounts with Wells Fargo for convenience, but they were such a pain in the butt and so fee-heavy for a plain ol' checking account that I closed the account. The mortgage and retail banking services are like night and day. Weird.
Customers have been given a 60-day notice that their accounts will be shuttered, and remaining balances will require regular minimum payments at a fixed rate, according to the statement. When it was offered, the credit lines had variable interest rates ranging from 9.5% to 21%.
Why should people with good credit line history have to reapply?
Not all uncommitted loans or lines of credit are personal, many are commercial. Some loans have a finite date, some recipients aren't terribly credit-worthy (which is one reason why the bank would extended an on-demand uncommitted loan rather than a committed loan), some have termination triggers such as exceeding a debt/equity or other financial ratio, change of business purpose, change of ownership/control, changes to the business climate in the relevant industry, lack of drawdown after a certain time period, etc.
Fedcoin will bypass banks all together. Credits instead of money. Great Reset is moving forward. "You will own nothing and be happy" - their words not mine. Create a backdoor and send Blackrock and others out to buy up homes with worthless debt, and then rent them back to control housing and political objectives.
Unless its made out to cash your employer has a record that they pay you. It takes more than that to fool the IRS.
I'm the boss, always have been.
Paycheck for me, is a client paying their invoice. I used paycheck because they did.
A check to me, is the same as cash, unless I make a deposit, so I too can write checks.
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