Re: Any one with success lately or suggestion on how to tackle opening a business...
- I can give you quite a bit of "Banking Law "
It, however, will not help
First, understand that Banks are " Instrumentalities of the Federal Government "
Case Law available by e-mail
tho Bank " Policy" may not interfere with Statute, read that as UCC ...
they are proceeding on the tenents written in the " Patriot Act" , "Bank Secrecy Act" and such
--- In firstname.lastname@example.org, "reachmeal" <reachmeal@...> wrote:
> Any one with success lately or suggestion on how to tackle opening a business checking account with out any government issued personal ID?
> I have read the regulations the banks are obligated to follow for the federal government and federal reserve, and there is nothing there that obligates a bank to demand government issued ID from those who were never issued any; If I am missing anything then let me know
> Any suggestions?
> Any one with any success lately?
RE: First, understand that Banks are " Instrumentality's of the Federal GovernmentYes, BANKS ARE 'FRONT MEN' FOR THE FEDS. The whole goal is to give the APPEARANCE of a competitive market when in reality the competitiveness is mere pennies of the whole dollar. Shhh...don't awaken the people.Ever since the late 1970's with the elimination of state bank insurance, BANKS ARE SUSPICIOUS TO ME: A little TOO fancy on the gold trim and nice furnishings and populated by SUITS. I only see that now only in government buildings and courthouses.Make no mistake--that little gold plaque proudly paraded at every bank showing your account "insured" for $100K is the REAL sign of the instrumentality fact.Anyone who has had an IRS levy through a bank--and tried to respond to the bank to release--will realize in a sobering manner just how true this is. You're supposed to get a certain number of days: You probably won't have it. The banks WON'T tell you anything about the levy--your checks will simply bounce. They won't even tell you who levied--they will just give you a phone number to the IRS. Your calls to the legal department will largely go UNanswered. If you do get through the attorney will eventually tell you, "We do as the federal government tells us to do--otherwise we cease to be a bank."I have an opinion in this matter. It goes along with how the mob operated. Each local thug in a pin-stripe SUIT was permitted his cut of the action in exchange for forwarding a cut to the boss. So too with banks in my opinion: FRONT MEN for the feds to give the APPEARANCE there is NO monopoly in banking. So you have the feds telling banks: Administrate loans...take your finding fee and closing cost cut...but 'sell' them to our Fannie and Fredie. And you can go ahead and deal in 'currency'...but only our mob currency called FRN's.