Banks have a clear legal obligation to freeze the accounts of people who have died. What obligation or even right do they have to freeze the account of some living person whom the President wishes to declare a nonperson? Can banks and other financial institutions continue to rely upon the Death Master File or whatever they want to call it now? They know it’s being deliberately manipulated to deceive them into doing things they shouldn’t do.
13 comments:
Sadly, I think their systems are set up to automatically freeze/close accounts based on the notification they receive for decedents. Hopefully they turn that option in their system off before it comes through or this is going to disrupt many lives. We have all seen examples of folk errantly declared deceased and all the fallout from it and the difficulty/time/expense to remedy it.
>Can banks and other financial institutions continue to rely upon the Death Master File
Clearly not. Banks, other businesses, genealogical researchers, etc. will now need to conduct independent data reviews now that the integrity of the DMF has been forever compromised. Another great accomplishment of American government destroyed by the Trump administration.
Only throwing noodles at the wall to see what sticks, but I would think states with functioning governments would have sufficient regulatory authority over financial institutions and the will to assert that authority. Of course, that would likely be another Constitutional crisis to add to the pile. I would bet there many states that defer to the SSA death file as presumptive, if not conclusive, evidence of death under the assumption that SSA would be run and protected by career officials from authoritarian political operatives, adding yet another wrinkle to this legal hellscape confronting us.
The banks will follow Trumps lead since they don’t want to be attacked by MAGA and they only care about making money. The only reason Wall Street executives are speaking out now is that their businesses have lost a ton of money but they are very careful on how they deliver the massage. The majority of Wall Street are die hard Trump supporters even in these difficult times.
Charles, are you kidding? The Supreme Court, established law firms and the corporate media to name a few are all bending the knee. Who do you think runs SSA at this moment? A progressive?
The banks will follow the stable genius wherever he takes them.
The most conclusive evidence of his innumeracy was his appearance in 2006 on Howard Stern’s show with Ivanka and Don Jr. The Trump siblings’ insistence that they got into Wharton on their merits inspired Stern to give them a grade school-level pop quiz.
Editors’ Picks
Rami Malek, Professional Outcast, Becomes ‘The Amateur’
Why Wasn’t Anyone Traumatized in the ‘White Lotus’ Finale?
What Does My Smart Watch Say About Me?
“What’s 17 times 6?” he asked.
After some nervous laughter, Don Jr. replied “96? 94?” His father interjected, “It’s 11 12. It’s 112.”
“Wrong!” Stern said, adding, “It’s 102!”
Donald Trump repeated “112.”
I'm sure that right now banks are having their legal team figuring out what to do. The last thing banks want is to be sued...
Ask those living who had been marked dead by SSA in the past how easy it was to get that reversed. There were several interviewed on 60 minutes about 10 years ago and nothing has been done to make it any easier to reverse since then. https://www.latimes.com/business/hiltzik/la-fi-mh-60-minutes-bungles-20150316-column.html
You want The Banksters to follow the law?
If they break the law, they'll be forgiven and bailed out by taxpayers. They haven't closed the FDIC.
I expect an EO any day now stating it was 112. The Supreme Court would rule that individuals filing the lawsuit had no legal standing just like the probationary federal employees.
Easier to sue a bank.
Bank executives already bought knee pads since tariffs are destroying their business model.
The requirements to use the DMF - https://dmf.ntis.gov/requirements.html
Note: you, as a DMF Subscriber, are reminded that you should not take any adverse action against any individual without further investigation to verify the death listed.
Technically no one should be marked dead until they confirm it or at least notify the individual that they will be listed as deceased unless they contact the bank etc.
Clearly few do that else people wouldn't commit suicide because the bank won't react on their own.
Post a Comment