Says it all doesn’t it?

Written by Michael E Dehn

Founder and CEO of Metro Pulse a continually running enterprise since May 1980.

General interest

0 Comments(s)

May 23, 2023

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Repugnant

May 29, 2023

https://twitter.com/WallStreetSilv/status/1662992873732620290

Guess this UK bank thinks it’s customers are complete idiots by taking this OVER THE TOP ridiculous step in placing themselves in an oversight process in regards to documentation of cash “maneuvers” to ostensibly protect their customers from scams. Looks to us the scam IS THE BANK as we have always believed in caveat emptor (LET THE BUYER BEWARE) which is on the customer, NOT THE BANK as liability falls on the person in any given transactional situation, NOT the institution.Looks to us one of 2 things. First, an excuse to limit cash withdrawals by fear of heightened level of scrutiny and Two unrestricted increased surveillance of customer’s financial profile which, other than primary activity of deposits and withdrawals, in NONE OF THEIR BUSINESS.Always seems the Commonwealth countries in concert with the Bank of England are first to make these banking plays. Think Canada with the Freedom Convoy confiscation of assets last year.

May 28, 2023

https://www.msn.com/en-us/money/news/major-bank-demands-customers-prove-withdrawals-are-valid-warns-cash-can-be-refused-...