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brush

(61,033 posts)

24. With interest rates as high as they are now I don't see...

Mon Sep 25, 2023, 02:00 PM

Sep 2023

the financial sense in leaving big sums of cash in a safe in one's home.

That 450k Menendez had stashed would generate around $15-1600.00 a month in an easily researched high interest bank account nowadays...every month.

So why do that if it's above board.

You earn no interest on cash stashed at your house.

Another thing, if one does deposit that much cash, you're going to get inquiries from authorities as to where you got the cash, which is why drug dealers and others in illegal activities keep large sums of cash stashed in various places...they can't put it in the bank.

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Menendez, Defiant, Says He Will Not Resign [View all] Polybius Sep 2023 OP

The bad ones don't want to leave. pandr32 Sep 2023 #1

Yeah, he's presumed innocent *when he goes before a jury,* but Ocelot II Sep 2023 #2

Exactly. Walleye Sep 2023 #3

Well, he seems to be taking a page from tfg's playbook. grumpyduck Sep 2023 #4

He's probably guilty as hell but.. agingdem Sep 2023 #19

Make the repubs do the work. forgotmylogin Sep 2023 #35

That's right! agingdem Sep 2023 #39

Also the Santos playbook. nt mitch96 Sep 2023 #38

I always stuff cash and gold bars montanacowboy Sep 2023 #5

If Menendez is innocent, ok, but come on. Those gold bars... brush Sep 2023 #6

I don't think Menendez is innocent and he should resign. former9thward Sep 2023 #17

What do you consider a secure non-bank location? oldsoftie Sep 2023 #23

Right. Reports are they found envelopes stuffed with cash... brush Sep 2023 #25

We are not really anonymous. former9thward Sep 2023 #33

Totally understand. oldsoftie Sep 2023 #34

With interest rates as high as they are now I don't see... brush Sep 2023 #24

Most of my liquid assets are in banks or brokerages. former9thward Sep 2023 #30

FDIC insures bank deposits. Why lose out on interest accumulation since you trust some banks. brush Sep 2023 #37

If it weren't for the fingerprints of the briber all over the loot he may get away with it. I know ImNotGod Sep 2023 #7

Probably thinks he'll be able to buy food with the gold if SHTF oldsoftie Sep 2023 #22

You make good points but gold and to a lessor extent silver have been used for 1000s of years. former9thward Sep 2023 #32

In THIS age I'd go with silver if I was holding any "precious metals" oldsoftie Sep 2023 #42

Bob and Nadine Beachnutt Sep 2023 #8

Notice the look on the face of the female guard. twodogsbarking Sep 2023 #13

How can he campaign for reelection effectively? Frasier Balzov Sep 2023 #9

2024 term Cannonpointer Sep 2023 #12

Andy Kim has already announced primarying him, and will wipe the floor with him. NNadir Sep 2023 #20

I hope someone is lined up for Kim's seat BumRushDaShow Sep 2023 #26

Well, in 2000, the best Congressperson I ever had, Dr. Rush Holt, nearly lost in the 12th district. NNadir Sep 2023 #29

"I'm bigoted in favor of scientist/legislators. " BumRushDaShow Sep 2023 #31

If he plays his cards right, this might qualify him for the Republican presidential ballot Orrex Sep 2023 #10

Fuck this guy. He needs to go. The Unmitigated Gall Sep 2023 #11

Doesn't look good for him. LiberalFighter Sep 2023 #14

And yet, Where the unindicted Sen. Al Franken was concerned - werdna Sep 2023 #15

Only a scumbag would say that and not himself resign after Federal indictment Ponietz Sep 2023 #28

I heard him play the "They're after me because I'm Hispanic" card today. Fuck him. dem4decades Sep 2023 #16

Yes, I saw that too. oldsoftie Sep 2023 #21

Asshole. NNadir Sep 2023 #18

Quick work needs to be done. The Grand Illuminist Sep 2023 #27

I believe Nancy Pelosi would have handled this issue with aplomb FakeNoose Sep 2023 #36

he's a senator.... bahboo Sep 2023 #40

🙄 Oopsie Daisy Sep 2023 #41