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Technology Stocks : Discuss Year 2000 Issues -- Ignore unavailable to you. Want to Upgrade?


To: John Hunt who wrote (6378)7/8/1999 10:47:00 AM
From: B.K.Myers  Read Replies (1) | Respond to of 9818
 
<<If anyone feels uncomfortable with too much cash at home, put part of it in a safety deposit box.>>

Before you put cash is a safety deposit box, check with your bank. It is my understanding that it is illegal to keep cash in a safety deposit box.

B.K.



To: John Hunt who wrote (6378)7/8/1999 4:22:00 PM
From: Ken  Read Replies (1) | Respond to of 9818
 
John, per a l989 law, the banks can restrict withdrawels on any deposit, no matter how large, to $100 upon deposit, and an additional $400 upon clearing. On $1000, on $10,000, on $100,000,any amount. Its been on the books for 10 years, but has not been enforced. Expect that as the first in the series of coming enactments re: restrictions/prohibitions on withdrawels.

BTW, what is your basis for belief that the banks won't close, or for only a few days at most?



To: John Hunt who wrote (6378)7/8/1999 4:42:00 PM
From: Ken  Respond to of 9818
 
<<too much cash at home>> The potential of fire is potentially FAR greater than of theft.

There are safe ways of hiding espically cash and jewelry at home, but fires may be unavoidable, if/when...
...grid is down
...fire dept has little/no water available
...fire trucks can't run due to gas cutoffs or non-compliancy
...are overextended.

Anyone living in multi-family dwellings or dense home areas are potentially in harms way, due to the number of people that will be universally using candles, propane, oil lamps, etc., all of which can result in accidental fire that can quickly spread, espically when the above senario occurs....

then, there are real potential threats of arson, when civil unrest starts...

and what about the potential for fires from chemical/manuf plants that go down?



To: John Hunt who wrote (6378)7/10/1999 12:15:00 AM
From: s martin  Read Replies (3) | Respond to of 9818
 
.>> You will still be able to write checks or use debit and credit cards for purchases, payments, etc. <<

?????? Why do you think people are concerned about raising cash if that is the case?????