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So trivial, yet it really ticks you off.

MisterCairo

I'll Lock Up
Messages
7,005
Location
Gads Hill, Ontario
Now theirs a word I have not heard in a couple of decades! I personally have never post dated a check, though I remember the signs, "no post dated checks accepted!" On a funny note, I accidentally dated a check several years ago with the year 1969, I did get the month and day right, it was cashed, so I guise back dating a check is acceptable!

In Canada, a cheque must be cashed within six months and one day.

The times I have been in over draft because a cheque I wrote three or four months back was eventually cashed, after I had given it no thought...
 
Messages
17,215
Location
New York City
Now theirs a word I have not heard in a couple of decades! I personally have never post dated a check, though I remember the signs, "no post dated checks accepted!" On a funny note, I accidentally dated a check several years ago with the year 1969, I did get the month and day right, it was cashed, so I guise back dating a check is acceptable!

I'm all but sure check kiting is illegal in the US as well. I know I was warned by the first place I ever had a checking account that it was illegal (but they might have been trying to just put the fear of God into a young kid with no money opening up an account).

In the '80s, the storied brokerage firm EF Hutton (of "When EF Hutton talks, people listen" fame) was forced to merge (really, be taken over) in part because it was running what effectively was a check kitting scheme on its books.
 

Stearmen

I'll Lock Up
Messages
7,202
In Canada, a cheque must be cashed within six months and one day.

The times I have been in over draft because a cheque I wrote three or four months back was eventually cashed, after I had given it no thought...
We do not have any such law! It is up to the bank to decide if they want to cash a check that is more then six months old. I should have added, this was back in 1999, so maybe they just assumed I was dyslexic and reversed one of my 9s.
 

Stearmen

I'll Lock Up
Messages
7,202
I've been issued checks bearing wording to the effect of "void after 90 days" or some other length of time.
Yes, I get those all the time. I forgot to cash one that I stuck in a jacket pocket. They were nice about it and issued a new one. It was while my mother was in hospice, just to easy to forget the more trivial events in life like a check!
 
Messages
10,939
Location
My mother's basement
Yes, I get those all the time. I forgot to cash one that I stuck in a jacket pocket. They were nice about it and issued a new one. It was while my mother was in hospice, just to easy to forget the more trivial events in life like a check!

Similar thing happened to me. A fairly substantial refund (several hundred dollars) from a public utility.

Long story short: I had to make a large deposit to get service restored after a renter stiffed 'em. (From that point forth I kept a closer eye on the tenants' accounts with the utilities.) When the property sold, much of that deposit was refunded in the form of a check that didn't come to my attention until it had expired. The utility issued a replacement check.
 
Messages
17,215
Location
New York City
Wow, I haven't heard that in thirty years. It used to be what would be called a "meme" now, comedy shows riffing on that line.

I wonder what the North American age limit would be for recognizing that ad line...

When this thread starting talking about check kiting, it immediately made me think of EF Hutton as I had interviewed there but instead chose to go to work for the US investment banking and trading division of Union Bank of Switzerland. It was only a year or two later that the kiting scandal brought down EF Hutton.

At that time, I thought I had dogged a bullet (not that I'd would have been involved in the scandal, but I'd have been looking for a new job), but in the end, every single firm I worked for merged, got taken over, went out of business, closed the division I was in (and in some it happened more than once) that my career became a series of finding jobs, having the job / division / company go away, finding a new job - lather-rinse-repeat. I was never fired, but never had one job last more than five years in thirty year career. That's part of why I work for myself now - I had enough.

The EF Hutton slogan, along with Smith Barney's "We make money the old fashion way, we earn it," had to be the two most famous financial firm advertising lines ever. My guess, since Hutton went out in the late 80s, anyone under the age of about 40 wouldn't recognize it unless, as you note, they got it from the comedy shows that used it for years after Hutton was gone.
 

MisterCairo

I'll Lock Up
Messages
7,005
Location
Gads Hill, Ontario
When this thread starting talking about check kiting, it immediately made me think of EF Hutton as I had interviewed there but instead chose to go to work for the US investment banking and trading division of Union Bank of Switzerland. It was only a year or two later that the kiting scandal brought down EF Hutton.

At that time, I thought I had dogged a bullet (not that I'd would have been involved in the scandal, but I'd have been looking for a new job), but in the end, every single firm I worked for merged, got taken over, went out of business, closed the division I was in (and in some it happened more than once) that my career became a series of finding jobs, having the job / division / company go away, finding a new job - lather-rinse-repeat. I was never fired, but never had one job last more than five years in thirty year career. That's part of why I work for myself now - I had enough.

The EF Hutton slogan, along with Smith Barney's "We make money the old fashion way, we earn it," had to be the two most famous financial firm advertising lines ever. My guess, since Hutton went out in the late 80s, anyone under the age of about 40 wouldn't recognize it unless, as you note, they got it from the comedy shows that used it for years after Hutton was gone.

Hard to believe they were taken over after a scandal.

They had such reputable spokesmen:

 

ChiTownScion

Call Me a Cab
Messages
2,247
Location
The Great Pacific Northwest
Smith Barney, that's something I haven't though of in ages. I wonder if the people riffing off that commercial had any idea who John Houseman actually was, or what he had accomplished in the 1930s. But then, at the same time Mr. Welles was just a fat old man shilling jug wine. Sic transit gloria mundi.

Houseman was cashing in on his The Paper Chase Professor Charles Kingsfield character. The movie, with Timothy Bottoms and Lindsey Wagner, was pretty good. But there was a later television series where they did an Iago the Parrot Job on Kingsfield: made him more "lovable" in order to widen appeal.

My understanding is that the Harvard law prof upon which Kingsfield was based, Edward H. "Bull" Warren (who taught Property Law, not Contracts), was even more of an S.O.B. than Hauseman's original character.
 

LizzieMaine

Bartender
Messages
33,755
Location
Where The Tourists Meet The Sea
I sit down tonight to order a new horizontal oscillator tube for my TV set, given that there are some issues with the one I've been running for the last thirty years, and imagine my surprise to discover that since 1987 the humble 6SN7GT has apparently become a cult item with the audiophool/electric guitar crowd, and the cost of a common 1960s new-in-box RCA has jumped from the $4.95 I paid for the last one to an average of ten times that -- or even over $100 if the tube has a black plate, which apparently gives it magical unicorn powers or something.

I wonder if I could start a rumor that the cathode in a 1R5 is made from irradiated monkey glands, and get rid of the box full of them out in my garage?
 

vitanola

I'll Lock Up
Messages
4,254
Location
Gopher Prairie, MI
I sit down tonight to order a new horizontal oscillator tube for my TV set, given that there are some issues with the one I've been running for the last thirty years, and imagine my surprise to discover that since 1987 the humble 6SN7GT has apparently become a cult item with the audiophool/electric guitar crowd, and the cost of a common 1960s new-in-box RCA has jumped from the $4.95 I paid for the last one to an average of ten times that -- or even over $100 if the tube has a black plate, which apparently gives it magical unicorn powers or something.

I wonder if I could start a rumor that the cathode in a 1R5 is made from irradiated monkey glands, and get rid of the box full of them out in my garage?
Need a 6SN7? I have disposed of most TV tubes, but probably have a dozen or so 6SN7 GTB tubes, a couple of which you could have. Oh, and I finally unearthed that big box of transcrptions which I promptly mislaid after we discussed them in a thread a couple of years ago.

That, and my old buddy Bob Dobush is selling new in box 6SN7's for $12.00 a pop at his website findatube.com. Used, tested, guaranteed tubes are $4.00 each. Bob is reliable, quick, and has a great stock of tubes at the best prices around. For example, new, name brand 50L6GT beam power tubes are $4.50, 12SA7's are $4.00 ($5.00 for the GT version), 12SK7's are $5.00, and 12SQ7's are $6.00 (either metal or GT), Other tubes are similarly priced.
 

GHT

I'll Lock Up
Messages
9,793
Location
New Forest
I wonder if I could start a rumor that the cathode in a 1R5 is made from irradiated monkey glands, and get rid of the box full of them out in my garage?
That sort of thing happens in the rarefied world of high finance. The Pound took a hammering when it dropped out of supposed parity with the Euro, it wasn't a like for like parity but the Euro bolstered Stirling's value. Now that the sky hasn't fallen in on the impending exit from the EU, rumours abound that Stirling will hit two dollars to the Pound before the end of 2018. As a result, the Pound's value is climbing.
Could someone start a rumour that New Forest housing is set to quadruple and now is the time to buy. Please.
 

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