When Your Bank Goes Bust…Run! Or… How Congress Already Stole Your Savings.
“It is easier to rob by setting up a bank than by holding up a bank clerk.”
– Bertolt Brecht
Daily, a thus distracted public is told that the financial patsy for the growing worldwide economic disaster is simply a virus. As Americans fearfully watch passively as the US Congress throws the ever-mounting trillions in Bail-out funds so quickly at the feet of their puppet masters, the paltry cash reserves of all American bank depositors have never been more at risk.
“I’m sorry, Sir. We are unable to cash this check,” were the rather ominous words delivered to me by a fresh-faced, none-too-friendly, Wells Fargo Bank assistant manager. He had just kept me waiting ten minutes while in consultation with others about my pending transaction. Returning to his Wells’ colored cubicle he sat down quickly, straightened in his chair and then looked at me intently through narrowed eyes before delivering the bad news.
Four feet away, between us and in front of him, were three forms of my personal identification face up. Looking down, this budding banker particularly glowered at two personal checks, also laying on the desk before him, written to me as payment by a client and drawn on his bank. Not being a “Wells” customer I had expected a shake-down, hence I had brought with me multiple forms of ID including passport.
These two checks totalled the small sum of almost US$8,000.00. Not expecting this much difficulty I insisted on a reason, to which he now looked up from once again carefully considering the two checks and replied, “I’m sorry, but the bank does not have sufficient funds on-hand to cash these checks.”