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Originally Posted by John Doe
I know that wasn't directed at me, but I was just a little surprised about that situation I discussed with you--they were so blatant about it, I thought they were either mob, desperate or it was perfectly legal. Turns out it was perfectly legal and they are our depository now  ('course we got to 5.4 from 5.6 by threatening to have my bil's other partner move his mother's accounts--two can play once you know the rules  ) |
There is a method to the madness, holding the deposit accounts is a venue for close monitoring of accounts for cash flow, I have heard banks going asking for monthly P&L's to make sure that all of the money is going to the bank...the second reason is the accounts help with reserve requirements last but not least greed.
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two can play once you know the rules
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Exactly