You are viewing an obsolete version of the DU website which is no longer supported by the Administrators. Visit The New DU.
Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Reply #21: Anyone with that kind of wealth, wouldn't be stupid enough to keep that much in a savings account [View All]

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » General Discussion Donate to DU
tammywammy Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-29-11 09:37 PM
Response to Original message
21. Anyone with that kind of wealth, wouldn't be stupid enough to keep that much in a savings account
FDIC is only up $250k.
Printer Friendly | Permalink |  | Top
 
  -Blogger finds ATM receipt from account with $100 Million Dollar Balance. onehandle  Jun-29-11 08:57 PM   #0 
  - Obscene. nt  nc4bo   Jun-29-11 08:59 PM   #1 
  - I had Capital one credit cards.  RandomThoughts   Jun-29-11 09:02 PM   #2 
  - So not only did I pay my debt long ago in that system, but I also learned that there are thieves in  lonestarnot   Jun-29-11 09:55 PM   #28 
  - That's a lotta fookin' beer and travel money.  Hassin Bin Sober   Jun-29-11 10:02 PM   #31 
  - The ATM fee should had been higher for that person.  LiberalFighter   Jun-29-11 09:02 PM   #3 
  - Not a Diebold ATM, by chance?  IDemo   Jun-29-11 09:03 PM   #4 
  - we should make a run on that Bank  Ice Number Nine   Jun-29-11 09:05 PM   #5 
  - That poor bastard needs a tax cut!!! STAT!!!!  arcane1   Jun-29-11 09:06 PM   #6 
  - That's where it went!  Uben   Jun-29-11 09:08 PM   #7 
  - Goddamn! A $2.75 fee just for using an ATM?  Blue-Jay   Jun-29-11 09:08 PM   #8 
  - If wearing a pineapple on your head didn't hurt the rich but hurt the poor...  Commie Pinko Dirtbag   Jun-29-11 09:23 PM   #16 
  - That fee is much cheaper than the fee I pay on my paltry checking acct.  justiceischeap   Jun-30-11 08:43 AM   #48 
  - yep  Liberal_in_LA   Jun-30-11 09:01 PM   #55 
  - Taxed Enough Already, clearly.  leveymg   Jun-29-11 09:08 PM   #9 
  - take out 5 of those digits  dana_b   Jun-29-11 09:11 PM   #10 
  - Somebody with $100,000,000 uses CapitalOne?  Sen. Walter Sobchak   Jun-29-11 09:15 PM   #11 
  - No... It was a Capitol One ATM  jberryhill   Jun-29-11 11:07 PM   #39 
  - Someone needs to pay more taxes!  Dawson Leery   Jun-29-11 09:16 PM   #12 
  - It was probably just one of the bank execs  toddwv   Jun-29-11 09:18 PM   #13 
  - That doesn't seem very smart.  sudopod   Jun-29-11 09:20 PM   #14 
  - Nobody with enough wherewithal to have a million in cash  Springer9   Jun-29-11 09:21 PM   #15 
  - A-ha!  nc4bo   Jun-29-11 09:24 PM   #17 
  - Yes, keeping 100million in one account is not very wise, given the FDIC regulations.  anneboleyn   Jun-29-11 09:38 PM   #22 
  - Discussion I've seen elsewhere indicates it's probably linked to an investment account.  onehandle   Jun-29-11 09:44 PM   #27 
  - They confirmed it belongs to a hedge fund manager. nt  onehandle   Jun-29-11 09:41 PM   #23 
     - Who are 'they' and how did they confirm it?...  nessa   Jun-30-11 09:45 PM   #56 
  - Find that customer and give her a tax break! n/t  upi402   Jun-29-11 09:29 PM   #18 
  - Some businesses make fake atm receipts to leave lying around for courtship displays.  aikoaiko   Jun-29-11 09:31 PM   #19 
  - Damn!  Catherine Vincent   Jun-29-11 09:36 PM   #20 
  - Anyone with that kind of wealth, wouldn't be stupid enough to keep that much in a savings account  tammywammy   Jun-29-11 09:37 PM   #21 
  - MTE. Nobody would keep 100 million in one bank account.  anneboleyn   Jun-29-11 09:41 PM   #24 
  - Yep. n/t  tammywammy   Jun-29-11 09:43 PM   #26 
  - So where do you put it? You can't possibly spread it around enough to be fully insured.  Hassin Bin Sober   Jun-29-11 09:57 PM   #30 
  - Invest it. n/t  tammywammy   Jun-29-11 10:10 PM   #32 
     - Easier said than done. If the receipt is, in fact, David Tepper's, the guy ...  Hassin Bin Sober   Jun-29-11 10:37 PM   #35 
  - you would suggest what?  ProdigalJunkMail   Jun-29-11 10:14 PM   #33 
  - Private Banking  Sen. Walter Sobchak   Jun-29-11 10:20 PM   #34 
  - When you have 100 million to deposit, believe me, they're ALL your private bank.  Hassin Bin Sober   Jun-29-11 10:47 PM   #36 
  - It doesn't have to be a savings account  jberryhill   Jun-29-11 10:59 PM   #38 
     - When you had that 11 million on deposit, was it insured at all?  Hassin Bin Sober   Jun-29-11 11:35 PM   #41 
        - Yes.. Technically it is not in my possession but the state...  jberryhill   Jun-30-11 12:03 AM   #42 
           - Ahhh. Your case is a little different because the G is involved.  Hassin Bin Sober   Jun-30-11 12:21 AM   #44 
  - This is crazy, y'know?  jmowreader   Jun-29-11 09:43 PM   #25 
  - What makes you think it is a Capitol One savings account?  jberryhill   Jun-29-11 11:09 PM   #40 
     - True...  jmowreader   Jun-30-11 08:18 PM   #53 
  - it would appear 0.7% compound interest  Sheepshank   Jun-29-11 09:55 PM   #29 
  - Can you believe they charge 2.75 just to withdraw 400 bucks  jberryhill   Jun-29-11 10:50 PM   #37 
  - And I'll bet they complained to their bank about the ATM fee  Duer 157099   Jun-30-11 12:09 AM   #43 
  - imagine having the pin number !  Historic NY   Jun-30-11 01:25 AM   #45 
  - Thank you  mackerel   Jun-30-11 01:37 AM   #46 
  - What a show-off. n/t  Scuba   Jun-30-11 08:41 AM   #47 
  - David Tepper: junk bonds, hedge funds, "distressed" investing (disaster capitalism)  suffragette   Jun-30-11 10:11 AM   #49 
  - Thank god it passed!!  RandiFan1290   Jun-30-11 10:14 AM   #50 
  - It's so scary when your balance dips below a million $$$.  Divernan   Jun-30-11 10:46 AM   #51 
  - That's 100 million.  Hassin Bin Sober   Jun-30-11 11:22 AM   #52 
  - Going to an ATM at 10:14pm... not the best idea.  Shagbark Hickory   Jun-30-11 08:25 PM   #54 
 

Home » Discuss » General Discussion Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC