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Author Topic: New bank problems?  (Read 1673 times)

HankB

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New bank problems?
« on: October 16, 2013, 03:16:58 PM »
Chase bank is allegedly imposing additional restrictions on business accounts, starting Nov. 17

(Linked story from Drudge - but NOTE THE SOURCE!!!)

http://www.infowars.com/chase-bank-limits-cash-withdrawals-bans-international-wire-transfers/

IF this is true, I think there will be a run on the bank before the mentioned date.

I wouldn't panic unless/until some other news organizations pick this up.
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AZRedhawk44

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Re: New bank problems?
« Reply #1 on: October 16, 2013, 03:22:50 PM »
Just saw this too.

More profit for bitcoiners.   ;)

Ban that, Chase.
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tokugawa

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Re: New bank problems?
« Reply #2 on: October 16, 2013, 03:33:55 PM »
They just told every business account to go somewhere else- how do you do international business without wires? We would be sunk if we could not wire funds to our overseas suppliers.

 Hopefully it is a hoax.
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Scout26

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Re: New bank problems?
« Reply #3 on: October 17, 2013, 09:38:50 PM »
There are quite a few European banks that are in trouble.

http://www.reuters.com/article/2013/10/16/ecb-banks-test-idUSL6N0I618U20131016

TL/DR(BTL):

There are quite a few problems with several larger European banks that if it came out, would either cause a run or simple failure.

Money Quote:
Quote
A crucial question is how banks' holdings of sovereign bonds will be treated, following a push by the German Bundesbank to reflect more adequately the varying degrees of risk attached to bonds issued by different governments.

As banks do not have to hold capital to back their sovereign debt holdings under Basel III, the ECB is unlikely to address the issue in its asset quality review.

So if your bank has got most of your money tied up in Greek, Spanish or Italian bonds, you're all good.  Because they are going to sweep it under the rug. 
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Boomhauer

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Re: New bank problems?
« Reply #4 on: October 17, 2013, 10:33:54 PM »
Jesus christ it's *expletive deleted* infowars, the people that see three conspiracies in every bureaucrat's fart. If I want infowars bullshit, I'll go to their site...no need to post it on APS...

Do a google search...

http://www.forbes.com/sites/halahtouryalai/2013/10/17/no-jpm-isnt-banning-international-wire-transfers-no-limits-on-withdrawals-either/





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HankB

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Re: New bank problems?
« Reply #5 on: October 18, 2013, 09:12:18 AM »
Quote from: Boomhauer on October 17, 2013, 10:33:54 PM
Jesus christ it's *expletive deleted* infowars, the people that see three conspiracies in every bureaucrat's fart. If I want infowars bullshit, I'll go to their site...no need to post it on APS...
Dude . . . relax. Take a deep breath. Go back to my OP and notice the disclaimers . . .  [tinfoil]
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Trump won in 2016. Democrats haven't been so offended since Republicans came along and freed their slaves.
Sometimes I wonder if the world is being run by smart people who are putting us on, or by imbeciles who really mean it. - Mark Twain
Government is a broker in pillage, and every election is a sort of advance auction in stolen goods. - H.L. Mencken
Patriotism is supporting your country all the time, and your government when it deserves it. - Mark Twain

Jamisjockey

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Re: New bank problems?
« Reply #6 on: October 18, 2013, 09:43:10 AM »
Quote from: tokugawa on October 16, 2013, 03:33:55 PM
They just told every business account to go somewhere else- how do you do international business without wires? We would be sunk if we could not wire funds to our overseas suppliers.

 Hopefully it is a hoax.

It is not a hoax.  We have a chase biz account and got the letter.  Doesn't affect how we do business.
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Re: Re: New bank problems?
« Reply #7 on: October 18, 2013, 11:40:53 AM »
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It is much more powerful to seek Truth for one's self.  Seeing and hearing that others seem to have found it can be a motivation.  With me, I was drawn because of much error and bad judgment on my part. Confronting one's own errors and bad judgment is a very life altering situation.  Confronting the errors and bad judgment of others is usually hypocrisy.


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