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Can a bank confiscate your deposits? The War on Cash.
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<p>[QUOTE="doug5353, post: 2216263, member: 73555"]Well, good, I have accomplished something. When we start talking about possession and nine-tenths of the law, blah, blah, blah, every collector needs to swallow hard and admit that he does not have "possession" of what's inside, and that the box's contents are only 5 minutes away from a locksmith.</p><p><br /></p><p>I have kept valuables in SDB's for over 50 years now, and there used to be an almost sacred trust in their anonymity and security. No longer. Banks used to be just a necessary evil (although I preferred S&L's) - now they're predators. </p><p><br /></p><p>Chris, I admit there's little new in the post, but I'll bet if you stop a hundred people on the street and ask them, "Can a bank enter your safety-deposit box without asking or telling you?", about nine out of ten will be impatient and indignant and say, "NO, of course not!!" </p><p><br /></p><p>Challenge a xxx or xxx or xxx at the scene, you'll get a free ride downtown...[/QUOTE]</p><p><br /></p>
[QUOTE="doug5353, post: 2216263, member: 73555"]Well, good, I have accomplished something. When we start talking about possession and nine-tenths of the law, blah, blah, blah, every collector needs to swallow hard and admit that he does not have "possession" of what's inside, and that the box's contents are only 5 minutes away from a locksmith. I have kept valuables in SDB's for over 50 years now, and there used to be an almost sacred trust in their anonymity and security. No longer. Banks used to be just a necessary evil (although I preferred S&L's) - now they're predators. Chris, I admit there's little new in the post, but I'll bet if you stop a hundred people on the street and ask them, "Can a bank enter your safety-deposit box without asking or telling you?", about nine out of ten will be impatient and indignant and say, "NO, of course not!!" Challenge a xxx or xxx or xxx at the scene, you'll get a free ride downtown...[/QUOTE]
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