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Bank of America branch managers just received a message

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posted on Oct, 2 2008 @ 01:26 PM
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reply to post by mythatsabigprobe
 


Not quite the facts. No one has lost an amount less than $100,000. Many people in California lost everything over $100,000. I personally know people in Cali that have lost tens to hundreds of thousands.

So before you start spouting "facts" make sure you know of what you speak.




posted on Oct, 2 2008 @ 01:34 PM
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Originally posted by Anonymous ATS
reply to post by mythatsabigprobe
 


never say never, because for the 1st time ever, the 1st Infantry of the US Army 3rd Division was deployed within the US for preparation of civil unrest.

Happened on Oct 1st according to the ARMY TIMES

Wonder what civil unrest they expect?


So the Army has deployed a non-existent force to prepare for civil unrest?

There is no such outfit. So the Army must not be expecting much civil unrest.

perhaps you meant to say 3rd infantry divsion, 1st brigade. no, you're welcome. I know you didn't mean the Army deployed the Big Red One in its own borders.

[edit on 2-10-2008 by bruxfain]

[edit on 2-10-2008 by bruxfain]



posted on Oct, 2 2008 @ 01:45 PM
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The 3rd Infantry Division’s 1st Brigade Combat Team has spent 35 of the last 60 months in Iraq patrolling in full battle rattle, helping restore essential services and escorting supply convoys.



Now they’re training for the same mission — with a twist — at home.

Now they’re training for the same mission — with a twist — at home.

Beginning Oct. 1 for 12 months, the 1st BCT will be under the day-to-day control of U.S. Army North, the Army service component of Northern Command, as an on-call federal response force for natural or manmade emergencies and disasters, including terrorist attacks.


reply to post by bruxfain
 
www.armytimes.com...

This is posted by some crazy right wing newspaper called "The Army Times"....



I wonder whos CI is saying what considering the source.


lol



posted on Oct, 2 2008 @ 01:49 PM
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reply to post by whiteraven
 


I was just checking the source. Usually military websites love to use the .mil domain instead of .com. But, you never know.



posted on Oct, 2 2008 @ 02:05 PM
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US empire is collapsing , and its no surprise, why are americans surprised....

even comptroller general David walker, warned about collapse in 2006



posted on Oct, 2 2008 @ 02:05 PM
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reply to post by Anonymous ATS
 


I don't no anyone who has lost money. I really find it odd that you know about so many others people's very personal affairs. You know their bank account balances?

You don't sound credible.



posted on Oct, 2 2008 @ 02:37 PM
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reply to post by KaginD
 

I'm not exactly senior member, but be suspicious. Whenever you read something of that nature, remember the motto of the patron saint of ATS was. "TRUST NO ONE"

By the way, I like your signature.

It reminds me of my personal motto. "Refuse to die with your music inside you."



posted on Oct, 2 2008 @ 02:40 PM
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I contacted a family member who is a branch manager - if there was any such "warning" their branch wasn't given it. He said they haven't had any news to be worried about at all yet and that I'll be the first to know if I need to go pull some money out.



posted on Oct, 2 2008 @ 02:48 PM
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reply to post by silo13
 
Hate to tell you but the dollar hasn't been based on gold for decades. Our dollar is based on paper. (some would say oil) But gold? Not for a long, long time.



posted on Oct, 2 2008 @ 03:03 PM
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On Friday, with its stock plunging 27 percent, Wachovia experienced a “silent run” on deposits, but the bigger worry for regulators was that other banks wouldn't provide the Charlotte bank with necessary short-term funding when it opened for business Monday, sources familiar with the situation told the Observer.

[edit on 2-10-2008 by scaicoscracker]

[edit on 2-10-2008 by scaicoscracker]



posted on Oct, 2 2008 @ 03:27 PM
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Quote:
"I suggest you do a little research on history then my friend. See what happened during the start of the Great Depression. Just an FYI. This has happened before and the world didn't go bankrupt. However, a good deal did and many families throughout the globe were devastated. "

Response:
actually the world did go bankrupt during the great depression and yes this type of stupidity helped to bring it about.

I consulted to the BNY and they are the ones who told me this.. I am quite sure they know much better than you myself, or anyone else here for that matter.

Again this is a stupid BS thread started by someone trying to cause a panic.

[edit on 2-10-2008 by GrndLkNatv]



posted on Oct, 2 2008 @ 03:38 PM
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Kansas City Star


Well, it's not as if this not happening at other banks, so before all the cock-eyed optimists decry this as BS read this 'credible' source.



posted on Oct, 2 2008 @ 03:39 PM
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reply to post by GrndLkNatv
 


BNY almost went under after 9-11 due to dust covering the optical platters the old IBM based records mgt system utilized. WTC 7 collapsed partially into one wall of the BNY building.

They were literally 2 hours away from handing the keys over to the Feds when the datacenter techs managed to get the platters to read again.

I know as I was part of the effort to move them to datacenters in NJ and TN as part of a post 9-11 govt mandate affecting the stock transaction clearing banks.

The near bankruptcy was not due to simply being closed but was due to them nearly losing 100 years worth of account data.



posted on Oct, 2 2008 @ 03:44 PM
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My feeling has been that there will not be an election this year due to a mass-killing in the US or to US troops that would cause a panic. I would not rule out a catastrophic banking event but I would assume that a memo like this would be leaked by lots of sources to their families. Maybe they want a bank run to take out the smaller banks and to consolidate the banking industry further under the Fed. This lets Congress off the hook and will take any voice from the people.

I would advise having a stash of cash and a few months food on hand because we are in unchartered waters and ANYTHING is possible. Just remember 911, that happened and it happened for a reason.

Honestly, can you see either Obama or McCain as President? I can't.



posted on Oct, 2 2008 @ 04:37 PM
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Originally posted by sadchild01
US empire is collapsing , and its no surprise, why are americans surprised....

even comptroller general David walker, warned about collapse in 2006

I love this. I also love how everyone think it is just the US in trouble. I hate to say it, but europe, asia, and GB are in for some serious tough times ahead too. They will be where we are in about 6 month to a year. And they are not even working on a package to stop the bleeding. It will be worse overseas. I gurantee it. Soon the dollar will be worth more then the euro, or everything will be worth the same, which is nothing.



posted on Oct, 2 2008 @ 04:39 PM
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I read in the Market Oracle (www.themarketoracle.co.uk/article6587.html) that a reliable source at BOA indicated that a memo was received regarding a one week bank "holiday".



posted on Oct, 2 2008 @ 04:39 PM
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[edit on 2-10-2008 by tide88]



posted on Oct, 2 2008 @ 04:58 PM
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Originally posted by bruxfain
I used to work for Bank of America. The first year I was there, I made a four day weekend of the Thanksgiving Holiday. When I returned well rested the following Monday, my supervisor informed that federal law prohibits banks from being closed for more than three consecutive days, so couldn't have possibly thought everyone was taking four days off. I learned something that day and know it has finally paid off.

Did the message include a snippet about federal law regarding American banking laws being changed to support the alleged closure it would have to happen.


I worked in banking for 9 years, m'self, and you're right. There is a law that prohibits banks from closing more than three days in a row.

HOWEVER... That being said, it seems lately that our "laws," like the Constitution, it would seem, are "just piece(s) of paper." ANYTHING could happen, and, as solarstorm said, banks have contingency plans. Believe me, if they thought it would be best for them to close down for a week, "law" or no "law," they WILL close down.

Now whether they think at this particular time that closing for a week is in their best interest... I am unsure. But it seems more likely now than it did a week ago...



posted on Oct, 2 2008 @ 05:00 PM
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I can't understand why anyone would believe this.

A one week "bank holiday" would force a run on the banks because as soon as people heard about it hysteria and panic would ensue. It wouldn't accomplish anything.

Also, there is no such thing as a "silent bank run" - the MSM absolutely LOVES bad economic news, and they would be all over any bank run, no matter how small. There would be reporters lined up at every bank branch across the country.

Besides, the people most prone to panic took out their money a long time ago. Who else is going to bother with FDIC?

[edit on 2-10-2008 by LowLevelMason]



posted on Oct, 2 2008 @ 05:02 PM
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Questions: Would a week long "bank holiday" also entail shutting down Wall Street for a week? If they left the market open, would there be anything at all left of it after 5 days of complete non-liquidity in the currency flow? Would it even be possible to close only the US banks without the international community unleashing the Apocalypse onto virtually every bank, worldwide?




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