From: Michael Froomkin <Michael@umlaw.demon.co.uk>
Date: Thu, 3 Aug 95 03:35:22 PDT
To: cypherpunks@toad.com
Subject: Re: US vs Overseas Banks
Message-ID: <2982@umlaw.demon.co.uk>
MIME-Version: 1.0
Content-Type: text/plain


In message <Pine.3.89.9508012150.E12592-0100000@khijol> "Ed Carp [khijol SysAdmin]" writes:
> Why should they give a damn who you are?  IMO, it's none of their 
> business.  Hell, they're making $$$ on *your* deposits, it's time they 
> stopped being such shits about it.
It's probably bad for business if your bank gets a reputation as 
"check-bouncers-R-Us".   Knowing your customers may make it less 
likely they bounce checks; it certainly makes collecting (if you 
honor the check) much easier.
-- 
Michael Froomkin                   until Aug 6: michael@umlaw.demon.co.uk
U.Miami School of Law                                     London, England
mfroomki@umiami.ir.miami.edu <-- this will still find me
PO Box 248087 Coral Gables, FL 33124-8087 "Rain in parts, then dry" --BBC
See http://www-swiss.ai.mit.edu/6095/articles/froomkin-metaphor/text.html