Banks are being told to call the cops if someone attempts to withdrawl $5000!
- Thread starter thernbroom
- Start date
d'jarbargel
Rookie
not necessarily
banks don't give a fukk if drug money entering the system. more cheap deposits for them.
leaving the system?
nobody keeps their money in the bank anymore. white people's assets are real estate and stocks. they aren't rioting over anything because they don't save. they invest.
and the real nutters out there , the people who would go apeshyt, never trusted the banks to begin with. their money is in hard assets like gold and real estate. of course they're all fukking morons but that's beside the point.
d'jarbargel
Rookie
They keep it under the mattress huh
mostly home equity and stocks
in the middle class, it's mostly home equity. small % stocks
as you get richer people tend to own more stocks
as you get insanely fukking rich people tend to own municipal bonds, or trusts and foundations and shyt. hedge funds and whole ownership of businesses.
nobody puts any significant lump of money in the bank for any length of time. you'd have to be innumerate.
Uncle Kingpin
No Relation
Of course. Nobody uses a bank for mortgages, stock purchases, or bond buying. They must use the barter system instead of the banking system.d'jarbargel
Rookie
people use a broker, not a bank, to purchase stocks and bonds.
as for mortgage loans, you do realize that cash cannot be withdrawn from a mortgage account, correct? You pay the bank for the mortgage, not the other way around.
Uncle Kingpin
No Relation
So how does a broker get the money to purchase stocks and bonds outside of the banking system? And how do you access home equity without a bank's involvement?
25YOUTHS!!
Superstar
Where I'm at any withdrawal $10k+ gets reported and you gotta deal with extra paperwork so I had to go to like 4 diff branches and withdraw $9900 just to get my money. I'm sure it still got flagged but I wasn't trynna hide anything, just didn't want to deal with all the extra bs.
$5K is a joke tho
$5K is a joke tho
So they keep their liquid assets where?
The interest you get putting large amounts of money into a bank account beats stocks plus there's no risk
Breh,
Have you ever invested? You know you have to wire that money into the broker's bank account, right. They don't accept cash or checks
Jayou Ayen
All Star
I haven't worked in the banking industry for a few years, but I'm pretty sure a lot of this is bullshyt.
There is no way cops are going to be following people around for $5000.
I worked at a credit union that had a great relationship with the local PD, and even then they were inept as fukk.
They simply don't have the time or man power for actual criminal activity, let alone suspicious behavior.
Customers routinely take large cash withdrawals.
While I think it's incredibly stupid, the other party usually wants immediate access to the money, or want to avoid any documentation of the funds.
It's a popular misconception that banks have millions of dollars in their vaults. Maybe large branches might, but your typical strip mall branch probably keeps a few hundred thousand at most. People walk in talking about withdrawing $50k on the spot aren't too happy when you tell them it's going to be a few days before we can accommodate that request.
But I remember colleagues telling me how celebrities, especially athletes would get whatever they wanted.
When Jason Richardson was with the Warriors, he'd take like $40k when he visited his local branch.
39
There is no way cops are going to be following people around for $5000.
I worked at a credit union that had a great relationship with the local PD, and even then they were inept as fukk.
They simply don't have the time or man power for actual criminal activity, let alone suspicious behavior.
Customers routinely take large cash withdrawals.
While I think it's incredibly stupid, the other party usually wants immediate access to the money, or want to avoid any documentation of the funds.
It's a popular misconception that banks have millions of dollars in their vaults. Maybe large branches might, but your typical strip mall branch probably keeps a few hundred thousand at most. People walk in talking about withdrawing $50k on the spot aren't too happy when you tell them it's going to be a few days before we can accommodate that request.
But I remember colleagues telling me how celebrities, especially athletes would get whatever they wanted.
When Jason Richardson was with the Warriors, he'd take like $40k when he visited his local branch.
39
ORDER_66
Rebirth is upon Us 2025
You have read up on Civil Asset Forefeiture right and the cops unreasonable means of going about it....?
That's what im concerned about... We already know the cops have a quota system when it comes to minorities who's to say this law wont be applied to us tenfold...
25YOUTHS!!
Superstar
You have read up on Civil Asset Forefeiture right and the cops unreasonable means of going about it....?
I was reading a story about entire departments in Texas and other states are funded by civil forfeitures, usually less than $3000 so people don't even bother trying to fight it in court. Truly demonic
private banking FTW 
not necessarily
banks don't give a fukk if drug money entering the system. more cheap deposits for them.
leaving the system?
nobody keeps their money in the bank anymore. white people's assets are real estate and stocks. they aren't rioting over anything because they don't save. they invest.
and the real nutters out there , the people who would go apeshyt, never trusted the banks to begin with. their money is in hard assets like gold and real estate. of course they're all fukking morons but that's beside the point.
