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peilthetraveler

Registered: Jun 2005
Posts: 7106

10-12-12 10:00 PM

http://news.yahoo.com/blogs/sidesho...-213623198.html

I think if that was me, I would take a shot at keeping it. I would buy a 30 year t-bond with the $690 million and wait for the government to come looking for it and say "Hey, I was helping keep interest rates low for you guys...here is the bond with the full $690 million back. It took you guys long enough to come get it...i must have called you guys 10 times(a lie)" Meanwhile, I'm collecting $54k per day in interest on that 30 year. =D

If they try to prosecute, just claim temporary insanity. No jury would convict.

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atticus

Registered: Mar 2007
Posts: 12701

10-12-12 10:14 PM

No bank would send it through the Fed for clearing. They're told to contact a Treasury 800 number. A friend of mine got a check for something like 2.3MM and deposited it. He never heard from the Treasury, but the credit was never available and it went back to his correct balance after a week.

He did attempt to wire it into his trading account, no go. ;)

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peilthetraveler

Registered: Jun 2005
Posts: 7106

10-12-12 10:29 PM

aww, shucks! Guess that student heard the same thing. Maybe thats why he was so "honest". Thought "well, if i cant get the money, at least I can get on TV for being "honest"

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colonial dr

Registered: Aug 2012
Posts: 294

10-12-12 10:55 PM

I send him money becaues his daddy served? Do not mistake me for being anti American, but that is another example of losers becoming policy makers.

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EdgeHunter

Registered: Jul 2004
Posts: 1479

10-13-12 01:27 AM

Jesssuuuusss.. Of Course Don't Cash.. It...

................re-Rehypothecate It...

When They Ask... WTF ?

Just Say... Its Your Corzine Strategy... How can they convict ?

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Bob111

Registered: May 2002
Posts: 6475

10-13-12 01:39 AM

excellent example of how gvt handles your money. that's what they called accountability
how about some "filters"."flags"? how about some "precautionary settings(IB's language)?"

here is another fine example of gvt(IRS!) accountability:

http://www2.tbo.com/news/news/2012/...nd-t-ar-505927/

Two Tampa residents have been indicted on 39 charges related to tax fraud. The IRS says Tampa is one of the leading cities in the nation for tax fraud with fraudulent returns totaling $468 million last year

http://www.bizjournals.com/tampabay...-tax-fraud.html

once again-how about some filters? flags?

even i have them in my little retail trading..is it so f** hard?

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