07-17-2009, 08:28 AM | #41 |
Kneedragger
Join Date: Jun 2009
Location: Morris County, NJ
Moto: 2003 FLSTCI 2008 KTM RC8
Posts: 179
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When you purchase a money order from any bank the funds are withdrawn from your account. If you purchased it at a 7-11 or a post office you would have to present the funds in cash to receive the MO. This is how the payment is guaranteed.
Last edited by zer0t; 07-17-2009 at 08:31 AM.. |
07-17-2009, 09:30 AM | #42 | |
Letzroll
Join Date: Feb 2008
Location: Lake Norman area, NC
Moto: 07 Red R1 & 07 Blue R6
Posts: 5,265
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Quote:
BOA earnings beat expectations...good for them. They've got $$ to pay back a good chunk of theTARP funds too but oh that's right...the government has to approve the payback. Talk about wanting control. |
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07-17-2009, 09:35 AM | #43 | |
Follower
Join Date: Nov 2008
Posts: 5,549
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Quote:
The "official story" for needing approval for payback is that the government doesn't want the banks to spread themselves too thin by repaying the funds. By doing so, the first bump in the road could send them scurrying back to Uncle Sam for more handouts. It's not about control of the banks but making sure they are able to stand on their own two feet before letting them run off on their own. That is the explanation as I understand it, whether or not you believe it is another matter.
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07-17-2009, 09:39 AM | #44 | |
Letzroll
Join Date: Feb 2008
Location: Lake Norman area, NC
Moto: 07 Red R1 & 07 Blue R6
Posts: 5,265
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Quote:
BOA was told to raise a certain about of capital...they did...the amount was reconsidered and increased...they have that on hand now...still a hold up for some reason...humm... |
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07-17-2009, 11:07 AM | #45 |
Aspiring Rapper
Join Date: Nov 2008
Location: Halifax, NS
Moto: '12 CB1000R
Posts: 3,569
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Actually, I sent an 800cdn money order a short while ago.
I could cancel or challenge it after 90 days. That was written on the back and told to me by the clerk who sold me it. |
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