It is truly a sad day that this nation is being destroyed by the looters who faked their oath to support and defend the constitution of the United States of America. The enemy within.
Cheers

Many decades ago I had a series of conversations with a refugee from the USSR. She told me that the government paid everyone three weeks pay for each month's work. They did this knowing that citizens would have to do something illegal in the fourth week in order to survive. They did so to inculcate a sense of guilt. How it pains me to see how the Marxists have resurrected the USSR right here in America.

That isn't all, when you withdraw the amount of $10,001., this is also reported to the DOT...so you've been saving for years and decide you want to purchase something from all that savings, THEY need to know...

NealS - hang in there brother, we will win this one in this country and we'll get to enjoy a victory.

Too many have been willing to give up liberty for a a little temporary safety. Ben Franklin said "They who can give up essential liberty to obtain a little temporary safety deserve neither liberty nor safety." The liberals who have twisted to emotions of the American voters to elect these liberal idiots do not like being fooled OR taken advantage of. These animals have done both and they have spent the wealth of their children's children to the point that our generation's generation will be slaves to their nations debtors for generations to come. They have tied the rights of individuals to the point that the question of which shall be slave to whom is yet to be decided but there is no question that Americas children will become the slaves of those who rule them.

But all this can be headed off, our nation can yet be saved and our children's freedom assured all depending of what happens in these next two elections. We shall win, we shall fight, and we shall win.

The reason is very well known to anybody who's ever worked in that field - the car dealership makes a percentage from your loan if you finance with "their" chosen bank or banks. Depending on the price of the vehicle this can be thousands of dollars.

In areas with a more senior population the salesmen get a spiff if they keep a geezer from paying cash (or check) for a new truck. My truck was about $69k and I used this knowledge to get the price down more. I told them that the only way I'd finance it was if they lowered the price by the amount they would make if I financed it (4% is what I was told by a friend in the business) and I accepted a % reduction, paid no fees for financing (this is another "catch" that they add in $150 to "handle" the financing. Since I didn't want to finance, I sure wasn't going to pay for it too.

In the end I paid no fees, got a 3% reduction in my price, and had a 3% loan without a prepayment penalty that I paid off in 1 week. The dealership got a extra 1% from the bank, I saved 3% and they "gave" me 3 oil changes that cost $120 in a diesel truck. Everybody made out ok except the bank, oh well.

NealS...
"November 2016 will be our final exam."

T-Shirt! Mug! Bumper Sticker!

Please take no offense to my comments. My only intent was to express that I now think this administration knows exactly what they are doing. We may think they are incompetent, and we hope that is the case, but what if it isn't?

And, you are welcome, it's an experience I wouldn't trade for anything in this world.. It made me me.

"Do you really think we want these laws observed? We want them broken. ... You fellows are pikers, but we know all the tricks and you'd better get wise to it. There is no way to rule innocent men. The only power any government has is the power to crack down on criminals. Well, when there aren't enough criminals, one makes them. ... you create a nation of lawbreakers - and you cash in on guilt. "

Dr. Ferris
Part two Either-Or Chapter III White Blackmail

Glad to be of help. All of my reports (and presumably the bank's) go to the Dept of the Treasury, never the IRS. Can't say what they do with it, but theoretically it is only for criminal/terrorist tracking. Obviously banks report things like interest to the IRS, but that's a wholly separate issue.

Thanks.@BradA I’m learning something new. I assumed any amount over 2,999 was reported to the IRS. I didn’t realize it was an internal report. The DoT not the IRS? Good to know.

You got that right. Never give out ssn or personel data without a very necessary reason. Just show your id or dl to bank.

Oh gosh, Neal..where to begin? First, thank-you for your service. Um...I think that everything you said is valid but I’m not running for office or speaking out in any big way. I’m hanging out on a website devoted to a movie franchise. I loved the movies. I’m interested in the political discourse. I’m not happy with what is happening with my country for many of the reasons you mentioned, but at this particular moment in time I was just trying to ease Ed’s mind so he didn’t waste any more time with ‘split milk’. Did you read the whole thread? I was trying to be friendly. I guess I’m fortunate enough that I’m not significant enough to merit attention from TPTB. I certainly didn’t mean to indicate it is a light load for everyone.

You are right. He wrecked my joke.

The banks that I do business with has all that info on me. Including my SS no. and a rather bad pic of me taken from my drivers license. There was a time when you could be confident that the data was confidential. Alas, no longer true. One more of the many signs of the fall of the American experiment. The dream that is fast becoming a nightmare.

Way to go, NealS. I'll help bail you out. It's getting scary to speak up anymore. I don't believe people in this country understand the difference between liberty and tyranny anymore. We are getting closer to tyranny daily with our current federal leaders.

Thank you for so cogently stating my thoughts. They are collecting every bit of information on each of us so that it can be used against us in the manner of thwarting any individual's attempt to run for office / campaign against The System.

My bar business also does check cashing so I am intimately familiar with the requirements you are referring to. The short version is as follows.

All of these rules are from the Feds Dept of the Treasury and apply to a 24 hour banking period. For total cash or equivalent transactions from $0 to $2,999, no information is required to be taken or kept on the customer although it is likely that a bank would have its own additional requirements. For those totaling $3K to $9,999, a valid ID and SSN must be taken and recorded and kept by the bank for at least 3 years. This information is not normally forwarded or reported to the DoT. For amounts over $10K, the previous information plus a few other pieces (eg. occupation) are required to be taken and sent to the DoT in the form of a CTR (Currency Transaction Report) within 15 days of the transaction. Banks are also required to report any transaction they consider to be suspicious to the DoT using a SAR (Suspicious Activity Report).

All of this is fallout from Anti Money Laundering laws intended to allow the government to monitor for potential illegal (drugs, terrorism, etc) monetary activities.

These are just the basic rules, no political commentary.

You say don’t worry about it, dysfunctional, overwhelmed? That’s probably exactly what they want you to think. Be very cautious, look at the trial and conviction of Dinesh D’Souza on an "insignificant" amount of $5000 campaign contribution, more of a technicality. I wonder who else was investigated, tried, and convicted for say a $10,000 contribution to a Democratic campaign? Or better yet, Eric Holder's order for the Federal Investigation by the Justice Department on an outhouse in a parade depicting "Obama's Presidential Library". Wow, someone expressing their total frustration with what we all know is going on, that sure deserves an investigation from the Feds. They should just take him out and hang him in public, huh, that would put a stop to it. They will attack anyone for anything, especially the little guy of no real significance, the guy that just happens to be against their agenda, or anyone they just don't like, and let the real criminals go free.

What's more of a threat to this country, a United States Attorney General that will do absolutely nothing about a couple of thugs (that just happened to be Black) standing out in front of a polling place (on election day), dressed in black clothing (made to look something like the Gestapo), with batons (official enforcement tools, guns would have been too obvious), acting like they’re ready to beat someone (like a white man perhaps) to death; or an outhouse in a parade with an stupid expression on it by someone obviously totally frustrated with what this administration is doing today? I just wonder how they are monitoring Galt’s Gulch and how many of us will be investigated, tried, and prosecuted for not drinking the Kool-Aid and kissing their xxx. Dysfunctional, overwhelmed, not by a long shot, they’ve got us exactly where they want us, arguing and fighting about nonsense, trying to divert our minds from the important things. Would anyone do anything different to tear this country apart any faster?

November this year will be the first indication of what the population of this country stands for. November 2016 will be our final exam as to if there is enough real patriotism left in this country. What’s good for this country, not just for me? I fought and killed in Vietnam for what I thought was patriotism in order to allow the Vietnamese to experience a little of the freedom and responsibility we had. Look how that turned out, it was our government that gave it all away. We had that war won, came home, and our government gave it all away for political reasons. All I got out of my participation was hiding my uniform in the back of the closet, about 40 years of continued freedom and some lifetime nightmares. Is this not what we have done to Iraq? Is this not the same thing that is happening again today, only now we are giving away our own country to the whims of others. Just look at history (you will have to find some older books, the new ones don’t have the same history in them), the English, the Russians, the Greeks, the Romans, almost all countries at one time had their own Empire that was the greatest thing on earth. What happened? What are we doing differently today?

I tell all my friends to just stop arguing with the other side and devote all their efforts to educating the younger people, the ones that are more concerned today about earning a living and building families, than getting involved with politics. Most of them have no idea whatsoever as to what is happening in this greatest country. Ask them about Ben Gazi (Benghazi), NSA, CHDC (Coincidental Hard Drive Crashes), Dinesh D’Souza, or Lois Learner and you will see a lot of blank stares with their mouths open. Educate them, get them out to vote, and forget about the others that are drunk on the Kool-Aid.

Thank you for the audience, I just need to vent every once in a while or I’ll totally explode. I would hope that most of you might come forward and help me out a bit if I should get arrested for treason or some other ridiculous charge because I still believe in our Constitution.

NACA = Neighborhood Assistance Corporation of America. This is a voluntary coop that negotiates with mortgage companies and banks on behalf of homeowners for a reduction in the terms of a mortgage. If the finance provider can be convinced that by altering the terms of the mortgage they have a higher probability of getting payments throughout the course of the agreement, then can voluntarily offer a different deal to the homeowner. The incentive for them to do this is the high rate of foreclosures in the housing market - which is to the advantage of neither the bank nor the homeowner.

NACA reminds one of Basic Training as they utilize a 'cattle call' method of processing thousands of homeowner refi attempts in a single day (or a pair of days, frequently).

It was worth a shot, but it did not work for me.

Jan

I think I would have.

My father in law has bought his last two cars in cash and he never said he had trouble like that. Most of the dealerships around here will give you better prices if you pay cash because they don't have to worry about a repo and non-payment.

NACA. I thought it was worth a shot.

Jan

Yeah, we're all crooks and terrorists till we prove we're not, then the next day we're crooks and terrorists again.

Correct, Mimi. Purpose to discover and track money launderers. Or so they said,