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Article #139626Re: Hold on Funds in account
From: Brian Smith
Date: Sat, 06 Jun 2009 18:20
Date: Sat, 06 Jun 2009 18:20
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Rick Walker wrote: > > Whether or not you pay "interest" per se, it's still money that you > can't use. Whoever's "holding" that money for the 5 - 7 day span can > use it for whatever they wish. If 100 people had $100 dollars being > "held" for a week, that's $10,000 bucks some institution has access to, > be it for a short-term investment or whatever they wish. It's being held not used by anyone. > I still don't like the sound of it, Picasso. Only because you don't understand what is being discussed.
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