What happens if our bank goes belly up and hubby still gets his pay check? What do you do with it? If you put into bank it may just be a dark hole. Probably the bank would be closed. Do you have to find an operating bank and open another account? They aren't going to cash the check, thats for sure. Chubby Hubby has a job where he will continue to work even with y2k. He will work even if he doesn't get paid for awhile. And I think that is a likely scenario with this county. We are fortunate that we have enuff money that we can go a few months without his pay. But what assurances can he demand that they will pay him later? They might decide to lay him off and hire a newbie rather than pay a bunch of back wages. Just thinking.

Taz

-- Taz (Taz@aol.com), October 23, 1999

Answers

In the words of the great Cornholio...

Use it as "TP for your bunghole"

-- Disgusted (sodom@gommorah.com), October 23, 1999.

Taz .... Just one of the MANY unanswered questions that even GIs DON'T ask themselves. Shows that many of us only think up to the point of immediate solutions to this LONG TERM problem . If bank of America has limited withdrawals to $100 in October , WHAT plans do they have for November ? December ??? Better start treating this like a well played checker game. Plan two or three moves ahead; YOURS and THEIRS ! Thank God I have premonitions and have had 18 years to think ahead and get ready. Even so, there are lots of ideas that have come up here that I would not have thought of given fifty years . Don't let your thinking be short term. If this brings us back to 1850s , we have to THINK 1850s in our planing. Not to say that in 5 - 10 years we will begin to come back to this technological age ; but think about what that would mean to your family in the long run . THINK: PLAN: DO: PRAY ! Eagle

-- Hal Walker (e999eagle@freewwweb.com), October 23, 1999.

Taz, even many GI's live in a fantasy world. They think the "bad stuff" will happen to the DGI's and the world will be just rosy with them. Hopefully you will cause them to wake-up and smell the coffee. Bad things can happen to them.

-- Jim Jim (JJ@driioc.com), October 23, 1999.

Ahead of time, start using a check-cashing place. I'm just guessing here, but it might be several days after your bank closes before some hole-in-the-wall check-cashing place (maybe in another town) realizes it. But you gotta go there and sign up, and start going there - at least some weeks - now. Sure, it costs money. But if you think the above scenario is likely, it might be worth it.

Now as to how to choose which check-cashing place, I have no idea...

-- biker (y2kbiker@hotmail.com), October 23, 1999.

Oops, the check cashing place won't care if your bank is closed. I should have said they may keep operating after some banks have closed.

-- biker (y2kbiker@hotmail.com), October 23, 1999.

If the banks are in trouble, so will any enterprise which deals in money. It'll cut off circulation like putting on a tourniquet.

If the banks are in trouble who would want to exchange usable cash for someone else's unusable liability (a.k.a. a paycheck)?

-- Tom Carey (tomcarey@mindspring.com), October 23, 1999.

The idea of working for a space of time with out being paid a weekly pay check? In construction would not work! You will loose every employee you have, if the job is union, you'll have your bond guaranteeing you pay checks to be good, called by the various unions..So Gov. Org steps in and imunizes your leagal respondsibility...The people (your employees still are all off the job, gone to the far edges of the state, or states.And folks they ain't a going to come back, unless they are paid.....The employer will have to pay cash...And possibly pay the people daily to get and keep his workers. First Rule of a Construction!!!!!Never mess with a worker's MONEY.

~~~~~~~~~~~~~~~~~~~~~~Shakey~~~~~~~~~~~

-- Shakey (in_a_bunker@forty.feet), October 23, 1999.

If the checks are issued to CH, but essentially uncashable, then the chances are that some enterprising person will be speculating in such paper paying off at face value some day. In which case, the speculator will be paying off at a very heavy discount to the face value of the paycheck. Twenty cents on the dollar? It would depend on the apparent risks.

>> They might decide to lay him off and hire a newbie rather than pay a bunch of back wages.<<

At that point, you had better hope the courts are operating, because not paying wages is considered bad form in the eyes of John Law. However, if the paychecks were properly negotiable, handed to your hubby and he accepted them, then their obligation to pay his wages has probably been met to a large degree. I'm not a lawyer so I can't say what redress you might have in that case.

-- Brian McLaughlin (brianm@ims.com), October 23, 1999.

If the bank where the check was printed closes down, I would tell your employer you want to be paid in gold or else they can go take a flying f**k at a rolling doughnut.

-- @ (@@@.@), October 23, 1999.

In a N.Y. accent please say,"Forget About It". Barter,Barter,Barter. Anything at work worth taking home for collateral? No? That TP in the office will be worth more than the greenbacks the bank won't give you. IOU....yeah right. In God We Trust. Do the new greenbacks being printed up still say that? I'll take the merchandise, thank you very much. Quit your office job and get a gig at the BIG 5, or Army surplus, or Costco, food store, etc. Good stuff to barter your time for there. Even FEMA....those workers have to eat, even if they do have to put those corpses in body bags all day..get the grub! ....On second thought... Heck, get out a town and take your sprout house with the non iradiated seeds. Don't forget you

-- Marilyn (Me@MarilynEllis.com), October 23, 1999.

Hey...how come it didn't complete my last sentence? Y2K 1's and 2's.... So...it said: Don't forget your BLANKEY !!!!

-- Marilyn (Me@MarilynEllis.com), October 23, 1999.

Taz, banking clerks lie. It's their occupational duty to BS the depositors. I'm growing weary of their lies every time I make a visit to withdraw a small amount of cash.

When the bank runs start, these banking jerks better hope they have adequate life insurance policies.

They deserve what's coming to their reserve accounts!

-- Randolph (dinosaur@williams-net.com), October 23, 1999.

Taz...love that imagery...tits up!

Seriously, though, the Bank run thing will start in November under the cover of the Public giving CASH for the Holidays, and therefore needing to withdraw for the gifts. Imagine a teller trying to disuade a depositor. The depositor says, LOUDLY, "But I have ALWAYS given CASH in my family's Christmas Cards...What sa matter, don't ya have CASH for the holidays???"

Depending on what the very next word the teller utters will decide the fate of that bank!

-- K. Stevens (kstevens@ It's ALL going away in January.com), October 24, 1999.

K. Stevens,

Good point. How much ya wanna bet most banks come up with cute little cash voucher/money order type deals with a little picture of Santy Clause, specially made for your Christmas giving needs. Many of the sheeple will be convinced that this is so much nicer than sticking those dirty ol' greenbacks in a card. How convenient! By the time most of the recipients get a chance to go cash them Y2K will have already crashed the banks and they will be as good as monopoly money.

-- @ (@@@.@), October 24, 1999.