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Most of the banks needed it.
But not all did. JP Morgan didn't. The banks that didn't were forced to take it not to stigmatize the banks that needed the capital.
We really didn't. Most of the banks that took the "bailout" didn't need it, they just did it because the regulators strongly suggested that, if they didn't, it would go bad for them in the future. We would have been better off if we had let the couple of big banks that were in trouble go under. Now we have even bigger banks that are even more critical to the economy, thus institutionalizing and endless round of bailouts.
Which banks didn't need it?
You are the financial expert, you tell me.
Keep in mind that only three or four big banks were ever in danger, and that not all of them got a bailout. The real danger was the collapse of the real estate market, and the fact that the government had pinned the entire economy to it for years.
Just remember.
Wearing a hoodie at night- Suspicious.
Carrying around $360,000 in a hidden compartment in your car - Not suspicious at all.
Welcome to Right Wing Bizarro World
Just remember.
Wearing a hoodie at night- Suspicious.
Carrying around $360,000 in a hidden compartment in your car - Not suspicious at all.
Welcome to Right Wing Bizarro World
Poor comparison.
Neither is illegal and if the cash was in a secret compartment I'd like to know what cause the cops had to search the car.
Just remember.
Wearing a hoodie at night- Suspicious.
Carrying around $360,000 in a hidden compartment in your car - Not suspicious at all.
Welcome to Right Wing Bizarro World
Poor comparison.
Neither is illegal and if the cash was in a secret compartment I'd like to know what cause the cops had to search the car.
Maybe they got a tip. Maybe the guy was acting suspiciously when they got close to the compartment. Maybe he was acting erratically.
I'm sure if he can show the pay stubs that prove that he got that money on the up and up, he'd be fine.
Poor comparison.
Neither is illegal and if the cash was in a secret compartment I'd like to know what cause the cops had to search the car.
Maybe they got a tip. Maybe the guy was acting suspiciously when they got close to the compartment. Maybe he was acting erratically.
I'm sure if he can show the pay stubs that prove that he got that money on the up and up, he'd be fine.
If having cash is not a crime then he shouldn't have to prove anything.
The burden of proof is on the cops not their victims.
Maybe they got a tip. Maybe the guy was acting suspiciously when they got close to the compartment. Maybe he was acting erratically.
I'm sure if he can show the pay stubs that prove that he got that money on the up and up, he'd be fine.
If having cash is not a crime then he shouldn't have to prove anything.
The burden of proof is on the cops not their victims.
If he can't account for how he earned that money, he is guilty of income tax evasion.
That's a crime.
Just remember.
Wearing a hoodie at night- Suspicious.
Carrying around $360,000 in a hidden compartment in your car - Not suspicious at all.
Welcome to Right Wing Bizarro World
Just remember.
Wearing a hoodie at night- Suspicious.
Carrying around $360,000 in a hidden compartment in your car - Not suspicious at all.
Welcome to Right Wing Bizarro World
Poor comparison.
Neither is illegal and if the cash was in a secret compartment I'd like to know what cause the cops had to search the car.
Maybe they got a tip. Maybe the guy was acting suspiciously when they got close to the compartment. Maybe he was acting erratically.
I'm sure if he can show the pay stubs that prove that he got that money on the up and up, he'd be fine.
Maybe they got a tip. Maybe the guy was acting suspiciously when they got close to the compartment. Maybe he was acting erratically.
I'm sure if he can show the pay stubs that prove that he got that money on the up and up, he'd be fine.
If having cash is not a crime then he shouldn't have to prove anything.
The burden of proof is on the cops not their victims.
If he can't account for how he earned that money, he is guilty of income tax evasion.
That's a crime.
If having cash is not a crime then he shouldn't have to prove anything.
The burden of proof is on the cops not their victims.
If he can't account for how he earned that money, he is guilty of income tax evasion.
That's a crime.
You do not have to prove you earned the money you are carrying.
Where did you get the $1.37 in your pocket? You have to prove you earned it or you're going away for tax evasion.
And since when did the local doughnut eaters become the dept of revenue?
If having cash is not a crime then he shouldn't have to prove anything.
The burden of proof is on the cops not their victims.
If he can't account for how he earned that money, he is guilty of income tax evasion.
That's a crime.
You do not have to prove you earned the money you are carrying.
Where did you get the $1.37 in your pocket? You have to prove you earned it or you're going away for tax evasion.
And since when did the local doughnut eaters become the dept of revenue?
If he can't account for how he earned that money, he is guilty of income tax evasion.
That's a crime.
You do not have to prove you earned the money you are carrying.
Where did you get the $1.37 in your pocket? You have to prove you earned it or you're going away for tax evasion.
And since when did the local doughnut eaters become the dept of revenue?
Since the government figured out that taking cash from innocent people, and then making them prove the cash didn't commit a crime, is a great way to get money for the police department.
Poor comparison.
Neither is illegal and if the cash was in a secret compartment I'd like to know what cause the cops had to search the car.
Maybe they got a tip. Maybe the guy was acting suspiciously when they got close to the compartment. Maybe he was acting erratically.
I'm sure if he can show the pay stubs that prove that he got that money on the up and up, he'd be fine.
I am sure you are completely ignorant about the way the government works. I suggest you educate yourself before you comment on the issue in the future, you can start by reading some of the examples the ACLU has on their website.
Asset Forfeiture Abuse | American Civil Liberties Union
Then you can read what about happens when people go to banks to get cash, and can prove it.
Under Asset Forfeiture Law, Wisconsin Cops Confiscate Families' Bail Money
Don't you think cops would know that cash almost always has drug reside on it? Especially if you get it out of an ATM? Why would they use drugs to sniff money brought in for bail? Is it possible they wanted more money to spend on shiny toys?
If he can't account for how he earned that money, he is guilty of income tax evasion.
That's a crime.
You do not have to prove you earned the money you are carrying.
Where did you get the $1.37 in your pocket? You have to prove you earned it or you're going away for tax evasion.
And since when did the local doughnut eaters become the dept of revenue?
I could show you a pay stub I got from any one of my three jobs that more than covers it.
In fact, I'm pretty meticulous in accounting for all of my money, even the third job (resume writing) which is largely a cash business.
You do not have to prove you earned the money you are carrying.
Where did you get the $1.37 in your pocket? You have to prove you earned it or you're going away for tax evasion.
And since when did the local doughnut eaters become the dept of revenue?
I could show you a pay stub I got from any one of my three jobs that more than covers it.
In fact, I'm pretty meticulous in accounting for all of my money, even the third job (resume writing) which is largely a cash business.
Yeah. You must be the only person who carries a month worth of pay stubs on him at all times.
Poor comparison.
Neither is illegal and if the cash was in a secret compartment I'd like to know what cause the cops had to search the car.
Maybe they got a tip. Maybe the guy was acting suspiciously when they got close to the compartment. Maybe he was acting erratically.
I'm sure if he can show the pay stubs that prove that he got that money on the up and up, he'd be fine.
I am sure you are completely ignorant about the way the government works. I suggest you educate yourself before you comment on the issue in the future, you can start by reading some of the examples the ACLU has on their website.
Asset Forfeiture Abuse | American Civil Liberties Union
Then you can read what about happens when people go to banks to get cash, and can prove it.
Under Asset Forfeiture Law, Wisconsin Cops Confiscate Families' Bail Money
Don't you think cops would know that cash almost always has drug reside on it? Especially if you get it out of an ATM? Why would they use drugs to sniff money brought in for bail? Is it possible they wanted more money to spend on shiny toys?
