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Historic NY

(37,449 posts)

32. Supply and demand, cut off the demand and the supply withers.

Reply to sabrina 1 (Reply #31)

Sat May 30, 2015, 12:26 PM

May 2015

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Dennis Hastert aside, it shouldn't be a crime to take your own money out of the bank [View all] DefenseLawyer May 2015 OP

Currency Transaction Reports have been around a lot longer than Laura PourMeADrink May 2015 #1

And $10,000 was a lot more back then. MH1 May 2015 #17

That is true! DawgHouse May 2015 #61

One less thing to be annoyingly tested on every year. arcane1 May 2015 #51

Ah, so you are pro-money laundering. And this has been true for longer than the Patriot Act. KittyWampus May 2015 #2

Pro money laundering Jesus Malverde May 2015 #21

Are you really a defense attorney? Thinkingabout May 2015 #3

Read the USA Patriot Act, just for fun. DefenseLawyer May 2015 #12

How about reading when bt he Patriot was passed. The rule of reporting transactions over Thinkingabout May 2015 #33

So I recently redid my kitchen yeoman6987 May 2015 #56

You don't have to report it, the banking industry does it for you. Thinkingabout May 2015 #58

Thank you. yeoman6987 May 2015 #62

Only applies to cash not checks MichMan May 2015 #67

This message was self-deleted by its author tammywammy May 2015 #71

Yet another legacy of the "War on Drugs" CanonRay May 2015 #4

Yes, but maybe you think its a good thing when Historic NY May 2015 #9

All we have to do is end the disastrous and phony Drug War and we will get back our rights that sabrina 1 May 2015 #31

Supply and demand, cut off the demand and the supply withers. Historic NY May 2015 #32

A guy I know owned a nightclub in Miami in the late 70d, early 80s. AngryAmish May 2015 #36

+++ I agree nt newfie11 May 2015 #5

It wasn't the Patriot Act that mandated reporting large cash withdrawals. The Velveteen Ocelot May 2015 #6

Speaking of tax evasion.. IphengeniaBlumgarten May 2015 #15

It wasn't a gift jberryhill May 2015 #27

They also have to report putting more than 10K into a bank treestar May 2015 #7

10K in 1970 is the equivalent of about 60K now Gormy Cuss May 2015 #16

It isn't. It is a crime to use your money for criminal acts. on point May 2015 #8

No, "structuring" is a crime that doesn't in any way require that money is used for a "criminal act" DefenseLawyer May 2015 #40

When queried as to what you did with the money, tell them. End of story if legit on point May 2015 #42

Not necessarily strategery blunder May 2015 #45

not structuring MichMan May 2015 #50

You would be wrong. NutmegYankee May 2015 #52

It shouldn't be considered structuring, because the intent is not to evade reporting. strategery blunder May 2015 #55

I don't want the government snooping around my bank records... DemocratSinceBirth May 2015 #10

Just a couple is enough MichMan May 2015 #13

I once need $400.00 cash on a weekend and the grocery store was closer to the ATM DemocratSinceBirth May 2015 #14

Card got shut off? n/t Wilms May 2015 #28

Precisely. I had to call the Fraud Department to get the freeze removed. DemocratSinceBirth May 2015 #29

All I had to do was try to pay for dinner while out of town. Wilms May 2015 #30

your bank got suspicious and shut off the card? Liberal_in_LA May 2015 #57

Most stores offer cash back, but up to $50.. SoCalDem May 2015 #66

People are funny sometimes MichMan May 2015 #11

Why should a report be files that I am depositing or taking out my money??? I would be pissed if Pisces May 2015 #19

Been the law for decades MichMan May 2015 #22

Money laundering, it is a crime. Thinkingabout May 2015 #59

If I sell some jewelry and furniture in my house and go deposit 11k in my account. I don't think I Pisces May 2015 #60

Meh. peecoolyour May 2015 #18

This is why there isn't as much outcry. I'll bet it would be just as easy to track anomalies within Pisces May 2015 #20

If you were at a bank and a man was depositing his $1,000.00 pay check every week DemocratSinceBirth May 2015 #24

Your hypothetical isn't suspicious because it's a check. Jim Lane May 2015 #37

I always wondered how folks launder their money... DemocratSinceBirth May 2015 #38

And where is the law that says it is a crime to take your money out of the bank? Citation please. Bluenorthwest May 2015 #23

Denny got hoisted by his own petard! yortsed snacilbuper May 2015 #25

It isn't a crime to take your own money out of the bank DFW May 2015 #26

Back in the '80s I worked for a small non-profit. Igel May 2015 #34

And a good accountant nadinbrzezinski May 2015 #35

Our credit union questioned our deposits EVERY TIME Holly_Hobby May 2015 #39

I don't understand this knee-jerk response of "Government is evil!" randome May 2015 #41

It isn't, and the Patriot Act has nothing to do with it frazzled May 2015 #43

Oh, how dis howwid and twadjick tale bwakes my widdle heart! struggle4progress May 2015 #44

Hey! Pederasts have rights, too! randome May 2015 #46

Agreed. NaturalHigh May 2015 #47

To a statistical slant on this; the Russian mob is nearly a $1 TRILLION empire, with about $200 Exilednight May 2015 #48

I agree completely. nt hifiguy May 2015 #49

I can only wish I had this problem, but alas, 'twas not to be. libdem4life May 2015 #53

It shouldn't be a crime to transport your own money in a wad of cash, either Warpy May 2015 #54

I didn't realize that you had to report withdrawals at all. DawgHouse May 2015 #63

I don't know that "you" do, but the bank does (nt) Recursion May 2015 #69

Ah, yes. They have their own reporting regulations. DawgHouse May 2015 #70

I agree.nt m-lekktor May 2015 #64

If you do not put it in the bank no one's the wiser SoCalDem May 2015 #65

And it's still not a crime, is it? (nt) Recursion May 2015 #68