Your Safe Deposit Box is no longer safe in CA - New England Patriots Forums

***NEPatriot*** · 12-16-2008, 12:37 AM

ABC News: Not-So-Safe-Deposit Boxes: States Seize Citizens' Property to Balance Their Budgets

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The 50 U.S. states are holding more than $32 billion worth of unclaimed property that they're supposed to safeguard for their citizens. But a "Good Morning America" investigation found some states aggressively seize property that isn't really unclaimed and then use the money -- your money -- to balance their budgets.

Unclaimed property consists of things like forgotten apartment security deposits, uncashed dividend checks and safe-deposit boxes abandoned when an elderly relative dies.

Banks and other businesses are required to turn that property over to the state for safekeeping. The problem is that the states return less than a quarter of unclaimed property to the rightful owners.

San Francisco resident Carla Ruff's safe-deposit box was drilled, seized, and turned over to the state of California, marked "owner unknown."

"I was appalled," Ruff said. "I felt violated."

http://bellaciao.org/en/article.php3?id_article=10012

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BANK OF AMERICA & COMPASS BANK MANAGERS WERE TOLD HOMELAND SECURITY WILL CONFISCATE SAFE DEPOSIT BOXES

During these last two days, the workshop included members from the Homeland Security Office who instructed them on how to field calls from customers and what they are to tell them in the event of a national disaster. She said they were told how only agents from Homeland Security (during such an event) would be in charge of opening safe deposit boxes and determining what items would be given to bank customers.

At this point they were told that no weapons, cash, gold, or silver will be allowed to leave the bank - only various paperwork will be given to its owners. After discussing the matter with them at length, she and the other employees were then told not to discuss the subject with anyone.

It's unbelievable! Thieves are everywhere.

Real World · 12-16-2008, 12:41 AM

It's for your own good. The greater good.

***NEPatriot*** · 12-16-2008, 12:44 AM

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Originally Posted by Real World

It's for your own good. The greater good.

I couldn't believe that CA is stealing money from its citizens. What a fcked up world we are living!

Wildo7 · 12-16-2008, 12:55 AM

blame obama

***DarrylS*** · 12-16-2008, 03:34 AM

Every state does this, they advertise and if no one responds to the unclaimed money list it goes into their coffers... this is not a new thing.

PatriotsReign · 12-16-2008, 06:23 AM

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Originally Posted by Real World

It's for your own good. The greater good.

Now who's being the dope?

***Harry Boy*** · 12-16-2008, 07:49 AM

If Messiah would just show us his damn birth certifictae ***** like this wouldn't happen.

***NEPatriot*** · 12-16-2008, 11:15 AM

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Originally Posted by DarrylS

Every state does this, they advertise and if no one responds to the unclaimed money list it goes into their coffers... this is not a new thing.

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some states aggressively seize property that isn't really unclaimed and then use the money -- your money -- to balance their budgets.

It's NEW

***DarrylS*** · 12-16-2008, 01:11 PM

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Originally Posted by NEPatriot

It's NEW

It has been going on for a long time, every year in every state I have lived in the main paper puts out an unclaimed money list, if you or a relative is on the list you can make a claim.. if not the money reverts to the treasury... it is not new..

wistahpatsfan · 12-16-2008, 01:15 PM

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Originally Posted by Harry Boy

If Messiah would just show us his damn birth certifictae ***** like this wouldn't happen.

Beat me to it.
That's exactly what I think about everything!