Jennifer Borden
Appearances
Planet Money
Escheat show (Update)
Are there other escheat puns? Don't give escheat. Escheat happens. Those are the only two I can come up with off the top of my head.
Planet Money
Escheat show (Update)
We did one time... have a sheeted guns and blueprints to a bank. Those are from a safe deposit box. I wonder what they were up to. Yeah, I'm not positive.
Planet Money
Escheat show (Update)
Well, the interesting thing about unclaimed property is the states are able to use that property. the cash or the assets until such time as the owner comes forward. So it's almost like the state has a little loan they can give themselves of other people's money.
Planet Money
Escheat show (Update)
Do we do a good job getting money back to people, or do we just let it sit here and we don't have to raise taxes?
Planet Money
Escheat show (Update)
Cynically, yes, because if you do your job well, you don't have any money left. If you don't do your job well, the penalty is that you have more money to keep in the state coffers.
Planet Money
Escheat show (Update)
So there are a couple of things that cause additional revenue to come in, excuse me, additional unclaimed property to come into a state, which could turn into additional revenue.