----- Original Message ----- From: John Hermann <[EMAIL PROTECTED]> To: John Hermann <[EMAIL PROTECTED]> Sent: Wednesday, 15 September 1999 7:06 PM Subject: Your bank records useless > Economic Reform Australia > ERA EMAIL NETWORK > > From: Hermann, John <[EMAIL PROTECTED]> > Subject: Y2K Newswire - 9/11/1999 - Alert > Date: Wed, 15 Sep 1999 > > -----Original Message----- > From: [EMAIL PROTECTED] > Sent: Monday, 13 September 1999 1:14 > > > Here's a quick action item -- you'll have to take action by Monday > evening to grab this report (see below): > > While the banking industry keeps reminding you to "keep good records" > of all your bank statements, there's a dirty little secret nobody has > bothered to mention: your personal bank records are absolutely > meaningless as far as the FDIC** is concerned. FDIC officials give your > own private records no weight whatsoever -- they only consider the > BANK's internal records to be an authoritative source. Because of this, > the advice to "keep good records" is yet one more suggestion designed > to distract the American public rather than help them. > > In other words, your bank records might be useful for burning as fuel > on a cold January night, but they're useless for claiming losses if > your bank goes under. > > The whole idea of "keeping good records" is absurd from the beginning > anyway. We recall several readers who have written Y2K Newswire and > said, "Right after I get my bank statement in December, I will take > all my money out. If the bank's computer go down, I'll bring in my > statement and ask them to give me the full amount AGAIN." How is the > bank going to prevent this kind of fraud? Simple: by declaring your > statements to be meaningless. They will only trust THEIR computers, > not YOUR paper. But if the problem was caused by computers in the > first place, where does that leave customers? > > Do you find it interesting the banking industry has told you to keep > good records but didn't tell you those records are useless? > > A free, detailed report on this topic is available -- through Monday > evening -- at Dr. Gary North's web site: > http://www.garynorth.com/y2k/detail_.cfm/6104 > To get the free report, follow the instructions listed on that page. > > ----ooOoo---- > > ** FDIC (Federal Deposit Insurance Corporation) is a US government- > sponsored corporation to provide insurance for depositors funds in > banks against the loss of such funds, up to a prescribed amount. > > ***************************** > * G'day from John Hermann * > * Highbury, South Australia * > ***************************** > ---------------------------------------------------------------- This is the Neither public email list, open for the public and general discussion. To unsubscribe click here Mailto:[EMAIL PROTECTED]?Subject=unsubscribe To subscribe click here Mailto:[EMAIL PROTECTED]?Subject=subscribe For information on [EMAIL PROTECTED] http://www.neither.org/lists/public-list.htm For archives http://www.mail-archive.com/[email protected]
