FJ continues his attack at DZ. But, I did something today Ive never done before. I Googled the word BUNDLE, and guess what came up. An exact picture of the money format FJ claims the Cooper bills were packaged in. "Bundle" turns out to be a formal Federal Reserve term ie. a money packaging model, identical to the model FJ is using. Except for one thing, a "bundle" consists of "straps" instead of what FJ is calling "packets". See the Federal Reserve photo below. Is it possible this Federal Reserve "bundle" is the basis for FJ's claim concerning the form Seafirst was holding its special fund money in, and used in preparing money for Cooper ? Because there is no document that is claiming what FJ is claiming.
The Federal Reserve defines a "bundle" of money as:
'There are exactly 1,000 $100 bills in a bundle. According to Federal Reserve Bank Services, a bundle is comprised of 10 currency straps of 100 bills each for all bills greater than $1. A currency strap of $100 bills is worth $10,000 and a 10-strap bundle totals $100,000. A bundle consists of 1,000 notes of the same denomination in ten equal straps of 100 notes each.' This is the same model FJ is using.
In addition, a Federal Reserve "bundle" uses paper straps, which is what FJ is claiming the Seafirst bank used on its Cooper money.
Why would FJ conflate these terms and charge Ckret with "getting it wrong" claiming that a "bundle" is something other than what Larry was describing ! ? Is this the whole basis for FJ saying "Carr got it wrong" ?
The Federal Reserve "bundle" is identical to FLYJACK'S Cooper bundle.
Doesn't FJ accept, or believe, that the special fund Seafirst used had all of its paper straps removed? The bills were run through a counter and assembled into groups bound with rubber bands at the end of the belt at Seafirst, using its special fund set aside for emergencies! Evidently FJ doesn't believe it happened that way. He is unwilling to accept anyone else's version of what happened. His own uses the Federal Reserve model as his reference point ! In short, the Fed Reserve photo of a bundle is not how we are told the Cooper was was prepared, from bills that not even "bundled" with straps in the first place!
Moreover, the Federal Reserve definition of a BUNDLE calls its components STRAPS, not PACKETS!