Looks like they did do something on those treasury and IRS computers after all.
Do I have to bury my money in the fucking back yard?
I highly recommend local credit unions, their version of the FDIC is significantly harder to dissolve.
I smell bank run?
From what I understand, they were only able to do this because the funds were still sitting in an intermediary account and had not been moved into an actual NYC account. If the funds had been moved, they would have had to ask for the funds back from NYC instead of just taking them.
I can’t remember if my source was an article or a podcast, but I know it was a few days to a week after the incident happened because all of the initial reporting was framed exactly like this.
I hope you’re right
Genuinely suggesting the government might access your bank account and withdraw funds is fear mongering. I’m very aware of the disappointing and alarming things going on in this administration, but this is definitely not something that would happen to a civilian
If everything were normal then I think people would like to believe what you’re saying. But you know, and we all know, that the White House is full of wild animals who will do anything they feel like for any reason they feel like… So I have to say that your advice is of dubious value, and instead people should hope for the best and plan for the worst.
Or to put it more politely, you were claiming you this definitely isn’t going to happen to individual civilians, but you didn’t give an argument why. And you didn’t give one because there isn’t one, not when common sense and decency have been thrown out the window.
It’s not clear to me what they’ve done here is not worth fear mongering about. It looks extremely abnormal
When my dad died ss went into my parents joint bank account and withdrew the amount of his latest payment. It’s not just fear mongering. It is possible. I don’t think even this administration is ballsy enough to do it, though. The backlash would be enormous, and as another poster mentioned civil asset forfeiture already exists.
that just sounds like direct debit. you sure it wasn’t pre-approved?
That’s what I thought, but my mom said the money had already cleared and was removed as a separate transfer.
Fear to what? Be in charge of your money?
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Also the money came from the government in the first place. That’s a critical aspect to this.
All money comes from the govenment in the first place.
Yeah. But it makes several pitstops before hitting my bank account. The government pulling back a grant or funding is different than the government taking $500 from John Q Citizen’s account
Jokes on them I have no money
Y’all understand search and seizure as well before you give more credit to this. There are other avenues for legally emptying bank accounts, some start like this…
There are avenues for LEGALLY emptying bank accounts.
This isn’t that.
196 users when 196 😱😱😱😱😰😰😰😆👉🤣🤣🤣🤣🤣🤣🤣💯💯💯💯😫👌😫👌👀👀👀👀👀👀👀👀
Ok.
Do I have to bury my money in the fucking back yard?
Might want to go further and look into forms of money that are not USD. In extreme circumstances they could do stuff like declare old cash no longer valid, iirc something like that happened in India.
I can’t find any reputable source on this
searching for “ treasury reappropriates nyc funds” yielded over a dozen news articles about this.
Here is a local source: https://abc7ny.com/post/new-york-city-files-lawsuit-trump-administration-80m-money-grab-fema-funds/15943443/
Many other news orgs covered this as well if this isn’t considered reputable.
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The IRS has been doing this for years.
The IRS revokes congressionally approved spending?
No. The IRS will go into your bank account and take whatever it wants.
Well 1, that ain’t your money that money is actually belongs to the US and daddy Sam was nice enough to let you use it after you trade some labour for it
This only supports that they could withdraw money from private bank accounts, not that they have. Yea, if someone in the government wants to fuck your over, there are many ways they can do that.
I was gonna say… I wouldn’t think NYC’s bank account would be completely inaccessible to the US Treasury.
Does this really have implications for private citizens?
(I’m asking a genuine question, here not supporting Musk/Trump or anyone else. I fuckin hate those assholes.)
They’ve had the ability to garnish your bank accounts, but there are restrictions on when and how they can do that. The only thing stopping the government from accessing your bank account is the law.
Right now, there’s not a lot keeping Musk/Trump from breaking the law.
It’s only a law if there are consequences for not following it.
Right. The title of the reddit post says “private accounts” and by any reasonable definition, NYC’s bank accounts are not that.
