esp.rec.fan.harry-potter moderation
Cy...@esp.rec.fan.harry-potter
money back.
* [snip]
*
* Paolo Alvarez: "I believe in God, but the government's seizure of all my
* savings was really horrible. I felt trapped and I almost flipped out."
*
* Alvarez was a landscape contractor, cautious and frugal, who saved his
* money. Several years ago, however, Alvarez began listening to the
* speeches of Ross Perot, especially Perot's exaggerated [beat the drum
* of fear] warnings that the nation's savings and loan institutions
* were about to collapse. As a reult of mounting anxiety generated by
* the Texas businessman, Alvarez decided to move the nest egg from his
* savings and loan.
*
* He placed some of the money in a regular bank and hid the balance in
* small caches around the house.
*
* When the sky did not fall, when Ross Perot's predictions did not come
* true, Alvarez began slowly moving the cash in his house back into a
* bank. Partly because of his fear of a possible robbery, he chose to
* redeposit his money in relatively small amounts, $5000 or so at a time.
*
* While Alvarez had come to know Perot's gloomy predictions were off the
* mark, he did not know that the federal international government, in its
* hysteria about drugs, had persuaded Congress to greatly expand the
* government's civil and criminal powers to seize assets of individuals
* it felt might be up to some illicit business. The government's concern
* was so overwhelming that in 1986 Congress was prevailed upon to add a
* provision to the seizure law forbidding any "structuring" of financial
* transactions in a way so as to evade and existing requirement that cash
* transfers of more than $10,000 had to be reported to the government.
[
The New York Times, Apri
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