Also, I have heard that is why Dimon needs so many mansions, one is now a printing company.

If you read to the very bottom of the original article the above is linked to, you will see that the Chase bank ended up depositing $100 in his account (which, of course, is what they should have done in the first place, after they’d been informed, and been shown proof, that they’d issued a counterfeit bill by mistake).

Question: If they hadn’t refunded the money, could/would they be open to charges of passing counterfeit currency? LEAVING ASIDE ALL DEBATE ABOUT THE LEGITIMACY OF FIAT CURRENCY, O.K.?

But the free publicity that Chase got was BAD publicity – you needed to make it clear!

“’I came here in good faith trusting that I’d get money and not a piece of paper that’s worthless,’ Hagaman said.”

Um, our currency is nothing more than paper, representative of and backed by … nothing. This wasn’t always the case, but has been for 40 or so years since Nixon eliminated any precious metal backing in our monetary system.

The Coinage Act of 1792 was the basis for our “dollar,” and was in fact enacted prior to the US Constitution.

http://en.wikipedia.org/wiki/Coinage_Act_of_1792

Now we know what a “dollar” is – 371.25 grains of pure silver.

Who has the power to make “dollars?”

Article I, Section 8: “The Congress shall have Power To … coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures”

Can we use anything other than “dollars,” or other official “money” as defined in the above act, as a medium of exchange?

Article 1, Section 10: “No State shall … make any Thing but gold and silver Coin a Tender in Payment of Debts”

And why is any of this important at all?

http://www.fame.org/HTM/Edwin%20Vieira%20Speech%20to%20the%20Rotary%20Club%20of%20NY%203-25-03.htm

I kept thinking he should have reported Chase to the FBI, the FBI being where one reports such things. This is one of those things which “The internet never forgets”, so people would keep asking the FBI “What happened?“. Not receiving answers, the story would continue to grow.

Yes, bad for Chase, for their image.

Good, because it lets more people know what Chase is about!