Banking with a federally insured bank means you're now being monitored

This was just on my local TV news:

'They're monitoring everyone's activities.'
by Laurie Patton, KY3 News

SPRINGFIELD -- The revised Patriot Act just passed by Congress has provisions that might bring your banking practices under scrutiny. The checks you write and the deposits you make are all are under a microscope as a way to try to keep America safe from terrorists.

more:

http://www.ky3.com/news/2430596.html



I suppose deep down I realized they'd be doing this, but this is where I live. We are deemed high risk by the feds because of "drug trafficking". This area is about 90% Repug. I wonder if the Bushbots will ever wake up.

"FUCK YOU BUSH" on all my checks.

:hi:

n/t

I'd just as soon stay where my money is safe

Husband lives and works in one state and I am in another. The banking nightmare we endure is unbelievable. I am sure they are watching us. TRADITIONAL Marriage does not support our living arrangement, so we MUST be TERRORISTS transferring money back and forth between states.

We need to find out if Credit unions have to do this, and what the options are for parking your money somewhere else...

the line that the bank is not "allowed" to tell customers they're being investigated is chilling...

http://www.ncua.gov/ShareInsurance/index.htm

The shares in your credit union are insured by the National Credit Union Share Insurance Fund (NCUSIF), an arm of NCUA. Established by Congress in 1970 to insure member share accounts at federally insured credit unions, the NCUSIF is managed by NCUA under the direction of the three-person NCUA Board.

Are you really sure you want to keep your privacy that bad that you're willing to give up all your money in the event of mismanagement or fraud at your financial institution?

I'm just asking, but it's something to think about.

so to speak...

ask them if this is something new, or are we still talking about the over $10,000 rule?

If you think about it, with the number of transactions that are processed through financial institutions every day, it would be physically impossible to "monitor" all of them. There has to be some parameters...something that triggers a "look at this one" flag.

I'm not real sure I'm going to get too excited about this right now. Perhapse I would be more concerned if I had millions, but somehow I don't believe paying my utility, medical, a fuel bills doesn't sound too interesting in my book.

Putting funds in excess of an unknown amount of money on your credit card? Homeland Security wants to know.

Pay too much and you could raise the alarm

By BOB KERR
The Providence Journal
28-FEB-06

PROVIDENCE, R.I.—Walter Soehnge is a retired Texas schoolteacher who traveled north with his wife, Deana, saw summer change to fall in Rhode Island and decided this was a place to stay for a while. So the Soehnges live in Scituate now and Walter sometimes has breakfast at the Gentleman Farmer in Scituate Village, where he has passed the test and become a regular despite an accent that is definitely not local.And it was there, at his usual table last week, that he told me that he was “madder than a panther with kerosene on his tail.”

He says things like that. Texas does leave its mark on a man. What got him so upset might seem trivial to some people who have learned to accept small infringements on their freedom as just part of the way things are in this age of terror-fed paranoia. It’s that “everything changed after 9/11” thing.

But not Walter. “We’re a product of the ‘60s,” he said. “We believe government should be way away from us in that regard.”

He was referring to the recent decision by him and his wife to be responsible, to do the kind of thing that just about anyone would say makes good, solid financial sense. They paid down some debt. The balance on their JCPenney Platinum MasterCard had gotten to an unhealthy level. So they sent in a large payment, a check for $6,522. And an alarm went off. A red flag went up. The Soehnges’ behavior was found questionable.

And all they did was pay down their debt. They didn’t call a suspected terrorist on their cell phone. They didn’t try to sneak a machine gun through customs. They just paid a hefty chunk of their credit card balance. And they learned how frighteningly wide the net of suspicion has been cast.

After sending in the check, they checked online to see if their account had been duly credited. They learned that the check had arrived, but the amount available for credit on their account hadn’t changed. So Deana Soehnge called the credit-card company. Then Walter called.

“When you mess with my money, I want to know why,” he said.

They both learned the same astounding piece of information about the little things that can set the threat sensors to beeping and blinking. They were told, as they moved up the managerial ladder at the call center, that the amount they had sent in was much larger than their normal monthly payment. And if the increase hits a certain percentage higher than that normal payment, Homeland Security has to be notified. And the money doesn’t move until the threat alert is lifted.

==more==

http://www.gnn.tv/threads/13486/Paying_off_your_credit_card_Homeland_Security_wants_to_know

If some faction among the elites doesn't dislodge the Carlysle/defense contractor/oil company/banking mafia from power, we are through as a free people.

A mass rejection of dictatorship/totalitarianism has to be lead, grass roots isn't going to do it.

n/t

Use buried mason jars and money orders?

I am secretary for two large bowling leagues, and I routinely deposit 2-3K a week into each account..and at the end of the season I and the president withdraw close to $90K in cash..specific denominations, since I have to break it down between 300 or so people..

The bank has everything except our blood on file..

building who deposited a check from his fiance. The fiance is Iranian. The bank totally froze his bank account on a Friday afternoon, he had no access to his account. He went to the bank to find out what was going on, and they basically wouldn't tell him. He did finally get his account unfrozen, but never got an explanation of why it was frozen in the first place. The only explanation he could come up with was the check from the fiance. I think he said that the check was about 2,000, not enough that it should trigger Homeland Security, but apparently it did. :scared: