You Must Be in Favor of This

[jms62]

Originally Posted by Rupert Pupkin

First of all, I couldn't tell you what Administration implemented the $10k thing in the first case, so you can't accuse me of being biased. I know the thing has been around forever. I'm used to it. Everybody knows about it. You know that if you make a deposit over 10k, it's going to be reported. I don't like it, but it is what it is. I understand why they do it.

But now they have been taking it to a whole new level. As if reporting it isn't bad enough, now they are confiscating all the money from people's accounts. As Danzig said, in this country you are supposed to be considered innocent until you are proven guilty beyond a reasonable doubt. In these money cases, it is the opposite. You are considered guilty if you make suspicious deposits. They will take away your money. The burden is on you to prove you're innocent. That is insane. I'm against that no matter who is in office. I wouldn't be shocked if there were cases similar to the cases mentioned in the NY Times while Bush was President.

But no matter who is to blame for the thing getting to the point where it has gotten like those cases mentioned in the NY Times, now Holder wants to double down and get even more aggressive. After articles like the NY Times article, most politicians were outraged and wanted to stop this kind of thing. Holder was the opposite. He thought we better start getting more aggressive and going after people making withdrawals.

You will feel even worse reading the link that I posted. Also I highly recommend the book that I posted for Zig. It is eye opening.