Man Detained and Harassed at Airport for Carrying Cash..

[Thor]

This is a little old, but it needs to be brought to light. The TSA is little more than uneducated thugs in many instances. (Sorry for the Paul-bot flavor, but the point should be concerning to ALL Americans)

[youtube=425,350]http://www.youtube.com/watch?v=XMB6L487LHM[/youtube]

[thundley4]

Sheeesh.  I flew home on leave one time with $12K stashed in various pockets of my uniform.  I'd hate to think about trying that now.

[rich_t]

Pathetic TSA.  I am so glad my wife no longer works for them.

Some of them way over reach their authority.

[vesta111]

Pathetic TSA.  I am so glad my wife no longer works for them.

Some of them way over reach their authority.

Gets even stranger when it comes to having any kind of Cash or big checks on you.

We have been told, true or not who knows, that when you deposit over $10,000 in a savings account the bank has to send someone in the government a report of your deposit.

We had saved for years to buy a boat, when we went to the dealer we were going to write a check from our boat savings account and were told about some cockamamie law that required the dealer to report anyone that spent over $10,000 by cash or check.

We were told that if we paid $8,000 by check and charged the rest we could get around that law.  Unbelievable.  Made us feel like we were skirting the law and being underhanded.

Another time the bank we deal with treated us in a most unusual way.  We tried to open a savings plan for home repairs from a loan from our 401K account.   

We were taken into a private office by some bank official and GRILLED both of us on why we NEEDED another savings account as we all ready had one. Darn but Hubby and I are senior citizens, and Yankees to boot.  We just stared at her unable to comprehend why she was asking such personal questions. I finally [ admitted ] that the check we had was for allot of money and because of the tax laws we needed to keep our salary  and personal savings separate so when we sold our home we would have an accurate accounting of all upgrades on the home.

She raised her eyebrows and with a haughty tone to her voice tells us that she " Guessed that was OK then"  and took our huge check for $12,000 bucks and gave us the privilege of opening a separate account.  What would we have done if she had refused our request thrown us out to find a bank that would open us a savings account, no questions asked.?

My liberal friends tell me that the war on drugs is an EXCUSE for the public to be spied on by the governmen and the private sector. =========Was it a coincidence that for the next 2 years we began to get catalogues most every day from home improvement stores that had never before sent us one.? 

Is it still possible to buy tickets to fly or ride Amtrack with cash?   Can anyone check into a hotel paying cash, can one buy travelers checks with cash, one cannot buy a gun or ammo with cash, ----Heck even some grocery stores have a rewards program that keeps track of every item you buy, Store credit cards such as Sears can track back your every purchase placed on their card.

Postal money orders can be tracked, as can be Credit cards to buy gas for your car. Anyone driving through a toll booth is photographed, Damn I am getting paranoid here.

Some times my liberal friends have a darn good point.

[Thor]

  Can anyone check into a hotel paying cash, can one buy travelers checks with cash, one cannot buy a gun or ammo with cash, ----Heck even some grocery stores have a rewards program that keeps track of every item you buy, Store credit cards such as Sears can track back your every purchase placed on their card.

One CAN purchase a gun and ammo with cash. Proper ID would be required to conclude that purchase and possibly a permit, depending on one's state laws.

[ColonialMarine0431]

This is what happens when you give a badge and a little authority to a bunch of people with a public High School education. Last time I flew civilian airlines it was a joke. If I was a terrorist I could have taken 5 of them out in a heartbeat. 3 were fat white men and 2 were fat black women. Hell, my 70 year old mom coulda taken out the women with her cane! 

[RobJohnson]

We have been told, true or not who knows, that when you deposit over $10,000 in a savings account the bank has to send someone in the government a report of your deposit.

That has been true for many, many years.

[GOBUCKS]

I, for one, am glad that store wouldn't sell vestanumbers a gun.

[Thor]

I, for one, am glad that store wouldn't sell vestanumbers a gun.

Damn, dude, are you a MSNBC reporter?? That's NOT what she said. She said that she couldn't purchase a gun with cash.

I had heard that the Govt has reduced that amount of reporting to $5000.00, perhaps even lower. I guess it depends on the bank.

Types
# There are two main reporting requirements for banks. The first and most common, with more than 15 million being filed in calendar year 2007, is the currency transaction report, or CTR. These are triggered simply because of the size of the transaction. The second type is called a suspicious activity report, or SAR, and is filed when the bank "knows, suspects, or has reason to suspect" that a transaction of at least $5,000 involves money derived from illegal activities or is part of a plan to violate federal laws and financial reporting requirements.

http://www.ehow.com/about_4672449_transactions-do-banks-report-irs.html

[Freeper]

The govt was just jealous that he had more money than they do 

[Oceander]

There are several reporting requirements that trigger off of what I will label $10,000 or more cash transactions.  Banks are required to file cash transaction reports when certain transactions in "cash" of $10,000 or more occur.

More specifically, the IRS requires that businesses file reports on Form 8300 when certain transactions - generally speaking, retail sales of large-ticket items and collectibles - are done in "cash."  "Cash" here generally means currency and coins of the United States and any other country and certain types of financial instruments - cashier’s check, bank draft, traveler’s check, or money order (basically, intruments that can be negotiated readily and therefore can serve as substitutes for coin or currency) - if those instruments have a face value of $10,000 or less (if the face value is greater than $10,000 the instrument is not considered "cash" for these purposes because it was subject to reporting requirements imposed on the bank or other issuer when the instrument was originally issued).

With respect to the boat dealer who got into a hissy about a personal check in excess of $10,000 - he didn't know what he was talking about, or else he just didn't want to make that sale.  As the IRS FAQs to Form 8300 state:

Personal checks are not considered cash.