‘We want cash’ Drug agents seize $209mn in random profiling of 5,200 travelers

Re:‘We want cash’ Drug agents seize $209mn in random profili... by ghshephard on Monday August 15, 2016 @05:48AM (#12289461)

Because you don't want to be at the mercy of a bank? When your money sits in a bank account, anybody who wants to take it, or seize it, simply has to contact the bank with appropriate legal authority, and poof - your money is gone, with no recourse whatsoever. At least when you have the physical cash, they have to deal with you personally.

Of course, as we see here, that's becoming more common.

[ Parent | on HN ]

Re:‘We want cash’ Drug agents seize $209mn in random profili... by lostlogin on Monday August 15, 2016 @06:27AM (#12289539)

Maybe banks are less easy to trust where you are. I have concerns about what happens with my records, but no concerns over my money going away. All banks in New Zealand have a pretty good health rating.

[ Parent | on HN ]

Re:‘We want cash’ Drug agents seize $209mn in random profili... by ghshephard on Monday August 15, 2016 @10:33PM (#12295141)

People feel that way about their banks until the first time money is taken out of their account without their permission. Certainly very possible in the United States.

[ Parent | on HN ]