Quote:
Originally Posted by fuzebox
Post I agree with the most 
BTW, for everyone condemning Colin... I guess you've never been in the position (bank error or otherwise) where you were physically unable to use any debit cards or go to your bank for a few days or even weeks... Emergency cash is always nice to have. |
I like the middle road too and live that way.
I
wrote this in 1999 and still live by it ...
"I've known people with frozen bank accounts before I stand firmly by Lee and Webfather in their analysis that the government is a very real threat to YOUR business and that you should not be naive in thinking it could not happen to you. For pretty close to no reason at all, you can be thrown in jail and prosecuted facing a further prison sentence, seizure of your assets, closing down of your operation, and a frozen bank account.
I know many in the industry that have been around long enough that keep a considerable amount of cash handy in the event their assets are frozen. I highly recommend this. Maybe you'll win the court case (maybe not) but it is very difficult to survive with no money, your business frozen, server turned off, and so on.
So, even though historically the odds of being prosecuted under obscenity laws have been low for any individual in particular I believe that when tied in with the risk/reward analysis given by expected return it must be taken very seriously. "