Newty comes out with several "funny" stories about why his check bounced.

[demtenjeep]

Republican presidential candidate Newt Gingrich today defended the $500 bounced check his campaign submitted to the Utah elections office as payment for the fee to appear on the primary ballot.

"This is one of those goofy things," Gingrich said after a campaign stop in Delaware. "That check was drawn in December. The account actually was closed by the time they processed it. It wasn't a question of money. That particular bank account was closed."

Utah elections director Mark Thomas attempted multiple times to contact the campaign about the bad check and said that if the matter isn't resolved by April 20, Gingrich will be disqualified from the ballot, ABC News reported Tuesday.

"I went back and checked and it was entirely a technical question of the bank being closed," Gingrich said. "It wasn't that we didn't have the money in the bank but that particular account had been closed as they made a transition to a different bank on January 1," Gingrich said.


http://news.yahoo.com/gingrich-defends-utah-bounced-check-185831089--abc-news-politics.html

[shraby]

1. How could they close an account with an outstanding $500 check?

[demtenjeep]

2. you know all that fuzzy math stuff

he will be better doing the nations's banking

[yellowcanine]

5. Simple. The bank doesn't know there is an outstanding check.

The check writer has a legal obligation to make sure the money is there or write a new valid check if not. The only exception is in the case of criminal behavior on the part of the check recipient, such as fraud or extortion. Then one can legally stop payment on a check. Whoever wrote the check was technically in violation of the law and it is hard to argue that they didn't do it knowingly when they closed an account without making sure there weren't outstanding checks. In which case criminal as well as civil penalties could apply.

[Ikonoklast]

3. Newt: "The bank account was closed." Reality: The account was empty long before it was 'closed'.

If Newt still thinks that he is in any way relevant to the Republican nomination process, he is either delusional or his ego will not let him realizes that his days as a politician are done.


No one will be paying much attention to him anymore, and that will just crush him.

[yellowcanine]

4. it was entirely a technical question of the bank being closed," Gingrich said.

And technically it is a violation of the law to write a check and then close the account within 30 days without making sure all checks have cleared, Newty. If you are going to do that you are supposed to write a new check on a valid account. The technical term for what you did is write a NSF check, for which there are potentially civil and criminal penalties.

[LiberalFighter]

6. And the campaign is $4.5 million in debt?

Which bank has the money if they are in debt?