The government mandate wouldn't stop a bank asking Granny why she's withdrawing 30k when she hasn't withdrawn any significant sum of cash, ever. The government mandate just makes the bank tell them about it.
Wrong because without the government mandate, there would be banks, credit unions or the like who differentiated themselves from others by giving you complete privacy by not asking.
My brother in christ. The bank is going to ask about suspicious activity. It is private when one party speaks to another party, it ceases to be private when one of those parties is forced to tell the public entity that is the government about it.
You're an absolute fool if you don't want your bank to at least double check with you that you're not getting scammed.
No, actually I don't want my bank double checking into anything. Clearly you work for a bank or the government regulator. I can tell you from experience (I work at a bank) that no one appreciates the bank being inquisitive into their business not even the people getting scammed.
That might actually be the dumbest opinion on this topic I've ever heard. You routinely withdraw and deposit large amounts of money? No bank cares to ask. You only ever make deposits, hardly ever spend any money, and now you're asking for a 30k cashiers check when you've only ever used personal checks in the past? The bank is going to protect itself and make as sure as possible they're not getting scammed as much as you're not getting scammed. Imagine thinking everyone's out to get you and we should never help each other out, ever.
The government mandate wouldn't stop a bank asking Granny why she's withdrawing 30k when she hasn't withdrawn any significant sum of cash, ever. The government mandate just makes the bank tell them about it.
Wrong because without the government mandate, there would be banks, credit unions or the like who differentiated themselves from others by giving you complete privacy by not asking.
My brother in christ. The bank is going to ask about suspicious activity. It is private when one party speaks to another party, it ceases to be private when one of those parties is forced to tell the public entity that is the government about it.
You're an absolute fool if you don't want your bank to at least double check with you that you're not getting scammed.
No, actually I don't want my bank double checking into anything. Clearly you work for a bank or the government regulator. I can tell you from experience (I work at a bank) that no one appreciates the bank being inquisitive into their business not even the people getting scammed.
That might actually be the dumbest opinion on this topic I've ever heard. You routinely withdraw and deposit large amounts of money? No bank cares to ask. You only ever make deposits, hardly ever spend any money, and now you're asking for a 30k cashiers check when you've only ever used personal checks in the past? The bank is going to protect itself and make as sure as possible they're not getting scammed as much as you're not getting scammed. Imagine thinking everyone's out to get you and we should never help each other out, ever.
Lolbertarians truly are retarded.