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RE: Illegal to close a bank account? - 10/15/2011 6:54:35 PM   
slvemike4u


Posts: 17896
Joined: 1/15/2008
From: United States
Status: offline 		Sorry lafeyettelady,you are going to have to do better than that,I am no lawyer either....but I am not familiar with,nor have I ever heard of such an offense .Care to tell us what law you are referring to when you reference "attempting to start a run on a bank"?
Now I watch lots of Law and Order...used to love NYPD Blue and all that,I've even har personal( real up close and personal) dealings with the legal system in this country.
A quick google came up with zip,nada,nothing on this charge...now I'm not saying there is no such charge....but I am asking for some help in finding some verifiable confirmation on such...and I am doing it with a lot less snark than you directed towards tazzy....so be a good girl and get back to me on this.

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Profile   Post #: 21
RE: Illegal to close a bank account? - 10/15/2011 7:12:11 PM   
xssve


Posts: 3589
Joined: 10/10/2009
Status: offline
quote:

ORIGINAL: tazzygirl

Could that not also be called Domestic Terrorism?
Only if you're a conservative, if you have money in the bank then it's your property - it's "terrorism" to take it out?

Lol, only a fucking teabagger would think of that one.

No, it is a law passed after the Great Depression, when there was a big run on banks in general that caused a lot of problems, but 25 people is hardly a run, and presumably they're just going to put it in a different bank or credit union, so I'm calling bullshit.

Punk-ass corporate greedhead bullshit.

(in reply to tazzygirl)
Profile   Post #: 22
RE: Illegal to close a bank account? - 10/15/2011 7:13:31 PM   
xssve


Posts: 3589
Joined: 10/10/2009
Status: offline
quote:

ORIGINAL: slvemike4u

Sorry lafeyettelady,you are going to have to do better than that,I am no lawyer either....but I am not familiar with,nor have I ever heard of such an offense .Care to tell us what law you are referring to when you reference "attempting to start a run on a bank"?
Now I watch lots of Law and Order...used to love NYPD Blue and all that,I've even har personal( real up close and personal) dealings with the legal system in this country.
A quick google came up with zip,nada,nothing on this charge...now I'm not saying there is no such charge....but I am asking for some help in finding some verifiable confirmation on such...and I am doing it with a lot less snark than you directed towards tazzy....so be a good girl and get back to me on this.
You could try googling "bank run".

(in reply to slvemike4u)
Profile   Post #: 23
RE: Illegal to close a bank account? - 10/15/2011 7:15:59 PM   
xssve


Posts: 3589
Joined: 10/10/2009
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quote:

A bank can temporarily suspend withdrawals to stop a run; this is called suspension of convertibility. In many cases the threat of suspension prevents the run, which means the threat need not be carried out.

From Wikipedia: Bank Run

Nothing in there about arresting their customers there though - that could be called terrorism.

(in reply to xssve)
Profile   Post #: 24
RE: Illegal to close a bank account? - 10/15/2011 7:53:00 PM   
slvemike4u


Posts: 17896
Joined: 1/15/2008
From: United States
Status: offline 		You got the same results I did...the bank can suspend,,temporally ,withdrawals ...but there was nothing absolutely nothing about any criminal charges stemming from an " attempt to start a bank run "

_____________________________

If we want things to stay as they are,things will have to change...Tancredi from "the Leopard"

Forget Guns-----Ban the pools

Funny stuff....https://www.youtube.com/watch?v=eNwFf991d-4


(in reply to xssve)
Profile   Post #: 25
RE: Illegal to close a bank account? - 10/15/2011 8:18:36 PM   
tazzygirl


Posts: 37833
Joined: 10/12/2007
Status: offline
quote:

ORIGINAL: xssve

quote:

ORIGINAL: tazzygirl

Could that not also be called Domestic Terrorism?
Only if you're a conservative, if you have money in the bank then it's your property - it's "terrorism" to take it out?

Lol, only a fucking teabagger would think of that one.

No, it is a law passed after the Great Depression, when there was a big run on banks in general that caused a lot of problems, but 25 people is hardly a run, and presumably they're just going to put it in a different bank or credit union, so I'm calling bullshit.

Punk-ass corporate greedhead bullshit.



No .... lol.... I think it could be called domestic terrorism if the intent is to undermine the whole banking system.

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Profile   Post #: 26
RE: Illegal to close a bank account? - 10/15/2011 8:21:49 PM   
slvemike4u


Posts: 17896
Joined: 1/15/2008
From: United States
Status: offline 		Only if that intent was exhibited by something more nefarious than closing your damm account...hell even encouraging others to withdraw their own funds can not reach the threshold of criminal activity

_____________________________

If we want things to stay as they are,things will have to change...Tancredi from "the Leopard"

Forget Guns-----Ban the pools

Funny stuff....https://www.youtube.com/watch?v=eNwFf991d-4


(in reply to tazzygirl)
Profile   Post #: 27
RE: Illegal to close a bank account? - 10/15/2011 8:42:57 PM   
LafayetteLady


Posts: 7683
Joined: 5/2/2007
From: Northern New Jersey
Status: offline
quote:

ORIGINAL: tazzygirl

Sorry, that wasnt googled. Can you show me in the law where you cannot close your account please? You will also note I mentioned these people were held and arrested. I asked on what grounds. Im sure you, being a lawyer, can explain those grounds.


I did explain it. You didn't read it. They went in enmasse, which the bank could feasibly cause a run on the bank. Is that really do difficult to understand?

(in reply to tazzygirl)
Profile   Post #: 28
RE: Illegal to close a bank account? - 10/15/2011 8:47:07 PM   
LafayetteLady


Posts: 7683
Joined: 5/2/2007
From: Northern New Jersey
Status: offline
quote:

ORIGINAL: slvemike4u

Sorry lafeyettelady,you are going to have to do better than that,I am no lawyer either....but I am not familiar with,nor have I ever heard of such an offense .Care to tell us what law you are referring to when you reference "attempting to start a run on a bank"?
Now I watch lots of Law and Order...used to love NYPD Blue and all that,I've even har personal( real up close and personal) dealings with the legal system in this country.
A quick google came up with zip,nada,nothing on this charge...now I'm not saying there is no such charge....but I am asking for some help in finding some verifiable confirmation on such...and I am doing it with a lot less snark than you directed towards tazzy....so be a good girl and get back to me on this.


There is a valid reason tazzy got the snark and she is aware of that.

It would fall under disturbing the peace. The rest is simple logic. If people not involved see all these people closing their accounts, they think the bank is going to run out of money and so they want to close their accounts as well, and so on and so on.

Law and Order, NYPD Blue and all that aren't going to teach you shit about it. Be a good boy and try "It's a Wonderful Life."

(in reply to slvemike4u)
Profile   Post #: 29
RE: Illegal to close a bank account? - 10/15/2011 9:20:50 PM   
tazzygirl


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Joined: 10/12/2007
Status: offline
quote:

There is a valid reason tazzy got the snark and she is aware of that.


lol.. No sweety. There is a reason. Its not valid.

quote:

It would fall under disturbing the peace. The rest is simple logic. If people not involved see all these people closing their accounts, they think the bank is going to run out of money and so they want to close their accounts as well, and so on and so on


Going into a bank and demanding to close your account is not disturbing the peace.

_____________________________

Telling me to take Midol wont help your butthurt.
RIP, my demon-child 5-16-11
Duchess of Dissent 1
Dont judge me because I sin differently than you.
If you want it sugar coated, dont ask me what i think! It would violate TOS.

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Profile   Post #: 30
RE: Illegal to close a bank account? - 10/15/2011 9:22:19 PM   
tazzygirl


Posts: 37833
Joined: 10/12/2007
Status: offline
quote:

They went in enmasse, which the bank could feasibly cause a run on the bank.


And the bank has protections they can set into place to prevent a run on the bank. Arrest is one of them? I would like to see the case precedent on that.

_____________________________

Telling me to take Midol wont help your butthurt.
RIP, my demon-child 5-16-11
Duchess of Dissent 1
Dont judge me because I sin differently than you.
If you want it sugar coated, dont ask me what i think! It would violate TOS.

(in reply to LafayetteLady)
Profile   Post #: 31
RE: Illegal to close a bank account? - 10/15/2011 9:28:13 PM   
tazzygirl


Posts: 37833
Joined: 10/12/2007
Status: offline
quote:

ORIGINAL: slvemike4u

Only if that intent was exhibited by something more nefarious than closing your damm account...hell even encouraging others to withdraw their own funds can not reach the threshold of criminal activity


Here is CitiBanks accounting of the incident.

Citibank Statement Regarding Protester Arrests
October 15, 2011 6:12 PM By Citibank Public Affairs
Citibank Public Affairs issued the following statement regarding today's incident: "A large amount of protesters entered our branch at 555 La Guardia Place around 2:00 PM today. They were very disruptive and refused to leave after being repeatedly asked, causing our staff to call 911. The Police asked the branch staff to close the branch until the protesters could be removed. Only one person asked to close an account and was accommodated."

To be clear: no one was arrested for closing an account; we didn't lock people in our branch - the police decided to close the branch; and we didn't ask for anyone to be arrested - that is a police decision.





_____________________________

Telling me to take Midol wont help your butthurt.
RIP, my demon-child 5-16-11
Duchess of Dissent 1
Dont judge me because I sin differently than you.
If you want it sugar coated, dont ask me what i think! It would violate TOS.

(in reply to slvemike4u)
Profile   Post #: 32
RE: Illegal to close a bank account? - 10/15/2011 9:35:42 PM   
xssve


Posts: 3589
Joined: 10/10/2009
Status: offline
quote:

ORIGINAL: tazzygirl


quote:

ORIGINAL: xssve

quote:

ORIGINAL: tazzygirl

Could that not also be called Domestic Terrorism?
Only if you're a conservative, if you have money in the bank then it's your property - it's "terrorism" to take it out?

Lol, only a fucking teabagger would think of that one.

No, it is a law passed after the Great Depression, when there was a big run on banks in general that caused a lot of problems, but 25 people is hardly a run, and presumably they're just going to put it in a different bank or credit union, so I'm calling bullshit.

Punk-ass corporate greedhead bullshit.



No .... lol.... I think it could be called domestic terrorism if the intent is to undermine the whole banking system.
But it wasn't "an attempt to undermine the whole banking system" it was an attempt by Citibank customers to close out their accounts with Citibank.

Really bought into all the pre-emptive neo-con bullshit did you? Bucking for a job in pre-crime?

Get rid of habeus corpus, you can get away with all kinds of shit, kinda why it's there. In the constitution.

(in reply to tazzygirl)
Profile   Post #: 33
RE: Illegal to close a bank account? - 10/15/2011 9:43:41 PM   
tazzygirl


Posts: 37833
Joined: 10/12/2007
Status: offline 		lol... where did I say they were trying to undermine the system? Where did I say they were even making a run on the bank? You read a few words then assume you know what someone's position is. Not the first time you have done that with me. Tsk tsk.

_____________________________

Telling me to take Midol wont help your butthurt.
RIP, my demon-child 5-16-11
Duchess of Dissent 1
Dont judge me because I sin differently than you.
If you want it sugar coated, dont ask me what i think! It would violate TOS.

(in reply to xssve)
Profile   Post #: 34
RE: Illegal to close a bank account? - 10/15/2011 9:52:20 PM   
tazzygirl


Posts: 37833
Joined: 10/12/2007
Status: offline 		Something I ran across in the many articles about the arrests....

In Washington, between 2000 and 3000 people assembled at the National Mall on the eve of the inauguration of a memorial to slain Nobel peace laureate Martin Luther King Jr.

"We have bailed out the auto industry, and we should have. We bailed out Wall Street. Now it's time to bail out working Americans. That's what this is about," Martin Luther King III, the civil rights leader's son, told the crowd.

"I believe that if my father was alive, he would be right here with all of us involved in this demonstration today."

http://news.theage.com.au/breaking-news-world/ny-police-arrest-dozens-of-protesters-20111016-1lr5w.html

Just a side note of interest.

_____________________________

Telling me to take Midol wont help your butthurt.
RIP, my demon-child 5-16-11
Duchess of Dissent 1
Dont judge me because I sin differently than you.
If you want it sugar coated, dont ask me what i think! It would violate TOS.

(in reply to tazzygirl)
Profile   Post #: 35
RE: Illegal to close a bank account? - 10/15/2011 9:57:19 PM   
tazzygirl


Posts: 37833
Joined: 10/12/2007
Status: offline 		Mike, you have mail.

_____________________________

Telling me to take Midol wont help your butthurt.
RIP, my demon-child 5-16-11
Duchess of Dissent 1
Dont judge me because I sin differently than you.
If you want it sugar coated, dont ask me what i think! It would violate TOS.

(in reply to slvemike4u)
Profile   Post #: 36
RE: Illegal to close a bank account? - 10/15/2011 10:40:39 PM   
MrRodgers


Posts: 10542
Joined: 7/30/2005
Status: offline 		There was recently in fact a 'bank run' on WAMU (Washington Mutual) and not a single crime was discussed and for good reason...nothing illegal in a 'bank run.'

Sept. 26, 2008
In the biggest bank failure in U.S. history, the Federal Deposit Insurance Co. seized Washington Mutual's assets Thursday. The FDIC then quickly sold most of WaMu (that's assets and liabilities) to JPMorgan.

Simply put, WaMu was victimized by a classic "run on the bank." Customers withdrew $16.7 billion in a 10-day period following the bankruptcy of Lehman Brothers, leaving WaMu "with insufficient liquidity to meet its obligations," its regulators determined.

A longer explanation is WaMu was victimized by mismanagement and misguided bets on exotic (and toxic) instruments such as option adjustable-rate mortgages.

Kinkroids, do I have to tell you just who and what...made a 'run on the bank of that magnitude ?' It was wall street, investment banks and large corporate deposits, all of which along with ALL depositors...had every right.

(in reply to slvemike4u)
Profile   Post #: 37
RE: Illegal to close a bank account? - 10/15/2011 10:54:52 PM   
tazzygirl


Posts: 37833
Joined: 10/12/2007
Status: offline 		After this, I have no doubt Citibank will experience many such runs in the next few weeks.

_____________________________

Telling me to take Midol wont help your butthurt.
RIP, my demon-child 5-16-11
Duchess of Dissent 1
Dont judge me because I sin differently than you.
If you want it sugar coated, dont ask me what i think! It would violate TOS.

(in reply to MrRodgers)
Profile   Post #: 38
RE: Illegal to close a bank account? - 10/16/2011 5:23:48 AM   
Lucylastic


Posts: 40310
Status: offline 		Did the doubters actually WATCH the video???


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(in reply to tazzygirl)
Profile   Post #: 39
RE: Illegal to close a bank account? - 10/16/2011 5:34:31 AM   
DomKen


Posts: 19457
Joined: 7/4/2004
From: Chicago, IL
Status: offline
quote:

ORIGINAL: LafayetteLady


quote:

ORIGINAL: tazzygirl

Sorry, that wasnt googled. Can you show me in the law where you cannot close your account please? You will also note I mentioned these people were held and arrested. I asked on what grounds. Im sure you, being a lawyer, can explain those grounds.


I did explain it. You didn't read it. They went in enmasse, which the bank could feasibly cause a run on the bank. Is that really do difficult to understand?

So? The bank has exactly one recourse, suspending withdrawals temporarily. There is no criminal charge associated with being involved in a bank run or even trying to start one.

(in reply to LafayetteLady)
Profile   Post #: 40
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