valuearb

78 ms·

871.
by valuearb 6y ago
When would it be a good thing?
872.
by valuearb 6y ago
Correction: the transfer to outer Slobavia is much more likely for poor family. But the bank will refuse it to minimize their exposure.
873.
by valuearb 6y ago
The point of this article should be that SARS are filed often for things that aren’t criminal, mostly for things that aren’t criminal. So where is all that crime? Again, the only specific crime you’ve listed is the Wells Fargo commission sc
874.
by valuearb 6y ago
That’s like saying parents should be arrested for their children’s crimes. The only systems in place that can notify CEOs or parents of all illegal events in their organizations exist only in fantasyland. And ignorance of the law should be
875.
by valuearb 6y ago
What “rampant” criminal behavior?
876.
by valuearb 6y ago
Would you take a job paying $10M a year if you will spend the rest of your life in prison if a single one of your ten thousand employees commits a felony?
877.
by valuearb 6y ago
How often do you ride your straw horse? No one is saying management has no responsibility. It’s saying they should be judged on whether they put reasonable controls in and used reasonable efforts to ensure they are followed.
878.
by valuearb 6y ago
You just said not removing dictators is preferable to removing them, since all financial regulations can be evaded by dictators. You can’t name a single dictator brought down by financial regulations. And bloody war and revolution is prefer
879.
by valuearb 6y ago
Sure, I shouldn’t have said every $25K transaction. But from your link: “Violations aggregating $25,000 or more regardless of a potential suspect. Whenever the bank detects any known or suspected Federal criminal violation, or pattern of cr
880.
by valuearb 6y ago
That they like cat videos?
881.
by valuearb 6y ago
They often do. Trumps own supreme court ruled that this year. “ Did Trump lawfully repeal the Obama-era order that shielded young immigrants who were brought to this country as children? No, the court said in a 5-4 ruling written by Chief J
882.
by valuearb 6y ago
Which CEO? And for what? The crime of not knowing mid level employees were bribed to subvert regulations?
883.
by valuearb 6y ago
What Bank CEO explicitly approved braking banking regulations?
884.
by valuearb 6y ago
Please name a single dictator removed from power using banking regulations. Then explain why the banking system is used against Dictators who still have voting rights in the UN.
885.
by valuearb 6y ago
It’s not inflation, the level never made sense when it started. Maybe $1M, but even the basis of this reporting makes little sense. Go deposit $9,000 in cash at your bank. Later in the same day deposit $1,000. You just committed a federal c
886.
by valuearb 6y ago
Banks are constantly being whacked with sticks, but that will never prevent a tiny percentage of millions of bank employees from accepting bribes to subvert their banks controls. This price is entirely one sided and ignorant of the damage t
887.
by valuearb 6y ago
Again no monitoring system is perfect or unbreakable. Large banks are going to seem more like they “allow” this simply because they have 10x-100x more employees. The solution to people laundering funds from selling marijuana isn’t punitive
888.
by valuearb 6y ago
Unlikely to provide a strong confirmation or repudiation of the current data because it’s instruments are not designed for it. What’s more interesting is RocketLabs planned probe, which would actually enter the atmosphere. I’m amazed they c
889.
by valuearb 6y ago
That should be for the users to decide. My point is whatever they choose is likely going to be government monitored. And the US has done hundred of renditions without trial, so while far from the scale of China, US spy agencies still do som
890.
by valuearb 6y ago
Tik Tok wasn't on Trumps radar until Tik Tok users trolled his Oklahoma event. His ban is clearly politically motivated.
891.
by valuearb 6y ago
Just like seizing printing presses didn’t prevent journalists from speaking outside?
892.
by valuearb 6y ago
It’s not the transfers that are problematic, it’s the theft.
893.
by valuearb 6y ago
It’s not illegal to do business with people you ”suspect” of doing “bad” things. It would be the most Orwellian thought crime if it was. Banks have to file a SAR for any group of transactions over $25,000, do you expect them to stop doing b
894.
by valuearb 6y ago
The authors of this article haven’t considered how these ridiculous regulations affect the poor, or the innocent who have had accounts seized with little recourse.
895.
by valuearb 6y ago
You advocate terrible policy. Someone sets up a bank to serve their community, taking investors from all over your area. They take deposits, make loans to help the community grow. The management team is great at training staff to follow all
896.
by valuearb 6y ago
Terrible example of “muck raking” where the authors paint a wide range of different people with the same brush, while entirely neglecting the massive negative consequences of these regulations. Trying to turn the financial system into a gro
897.
by valuearb 6y ago
This is a very poor example then, it’s a mish-mash of accusations that misrepresents the obligations of banks and ignores the rights of account holders. Just filing a SAR doesn’t obligate a bank to freeze the funds, that’s a job for regulat
898.
by valuearb 6y ago
Because regulations are wrong headed and injurious to honest customers.
899.
by valuearb 6y ago
Cryptocurrencies aren’t subject to counterproductive regulation. Anyone who has had an account balance locked up by PayPal or their bank for bogus or unexplained reasons will appreciate this.
900.
by valuearb 6y ago
They are required by law to file SARs. If the huge volume of SARs are overwhelming the regulators, perhaps the regulators should not have set the requirements so ridiculously broad for filing them.

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