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States Seize Citizens Property to Balance Their Budgets!!

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http://abcnews.go.com/GMA/stor... LEAMYABC NewsMay 12, 2008 The 50 U.S. states are holding more than $32 billion worth of unclaimed property that they're supposed to safeguard for their citizens. But a "Good Morning America" investigation found some states aggressively seize property that isn't really unclaimed and then use the money — your money — to balance their budgets.Unclaimed property consists of things like forgotten apartment security deposits, uncashed dividend checks and safe-deposit boxes abandoned when an elderly relative dies.Banks and other businesses are required to turn that property over to the state for safekeeping. The problem is that the states return less than a quarter of unclaimed property to the rightful owners.

Channel: News & Politics
Uploaded: November 30, 1999 at 12:00 am
Author: TheAlexJonesChannel

Length: 04:48
Rating: 4.87
Views: 39306

Tags: ABC  america  Balance  Budgets  business  Citizens'  documentary  economics  good  media  morning  Property  Seize  States  Their  to  

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Video Comments

MondoBeno (November 30, 1999 at 12:00 am)
I checked the laws on Safe Deposit Boxes. if the bank fails, the contents can me auctioned for cash without notification. You'd get the money, but the bank could sell it for peanuts.
MondoBeno (November 30, 1999 at 12:00 am)
I never keep a safe deposit box. I keep backup copies of documents in more than one place. I also have accounts in three unaffiliated banks.
thefreedommovement (November 30, 1999 at 12:00 am)
bank of america treated me like royalty when my account was hacked, 2 purchases of 99cents each over drafted my account (so $22 fine on each of those). and, since i thought that account was shut down after calling to stop the payment and close it; you could imagine my shock when i tried to open a bank account 4 years later and found out i'm "blacklisted", because B.O.A. has charged me $7 a day... for that entire time... 4 years... without notifying me of the charges.hooray for dickhead banks.
ninetybills (November 30, 1999 at 12:00 am)
Good ole Bank of America, if nothing else we can count on our banking behemoths to spy on us and seize or freeze anything they can. After all, if they don't tell the IRS where all our money is they can't earn interest on all those treasuries they hold. As Reagan found out, most of the Federal Income Tax goes to pay interest to these bankers anyways.
ninetybills (November 30, 1999 at 12:00 am)
haha you want buckshot on your pizza?
akcshowdogs (November 30, 1999 at 12:00 am)
Iran would NEVER bomb England....There are far too many of their brothers living there now. As for the Roths-childs I don't think anyone would be able to find out where they live these days.
spankythatsme (November 30, 1999 at 12:00 am)
Haaaa I own a pizza shop fucker and I've never run out of pizza. I hope you all get 10 times the value of your items after suing these Assholes. Fuck our government. The time is now to stock up on guns and ammo. I believe we are gonna need them.
thorsmitersaw (November 30, 1999 at 12:00 am)
I never know whether to give these sorts of things 5 stars or 0... :-(
TheDevi1Child (November 30, 1999 at 12:00 am)
for all those interested, CORP7USA7IS7BK and Is1z28chris are both conspirasy theory crazy people, ignore them....
TheDevi1Child (November 30, 1999 at 12:00 am)
oh i see, you are one of those crazy people... go get help, and anyway, i live in a FREE country, england, the laws are not strict and i love it here, you should seek proffesional help, maybe some sort of drug that stops the immaginative part of your brain taking control, it seems it has...

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