In today’s episode of the M&M Experience, Mike and Mark delve into an unexpected encounter at the bank. Mike recounts his recent visit, where unusual questions about a personal withdrawal led to a broader discussion about consumer power, banking regulations, and anti-money laundering policies. The conversation evolves to explore personal privacy in the age of cashless transactions, highlighting the vulnerabilities of using ATMs, especially in high-risk locations. The hosts also tackle the complexities of viral social media incidents and their real-world consequences. They analyze a controversial altercation at a sporting event that led to significant personal and professional fallout,
Mike Gallagher. Every day, Mike visits with Mark Davis, morning host on 660 AM, The Answer in Dallas. Here’s today’s Eminem experience.
SPEAKER 03 :
The world wants to know what happened yesterday, Mike, when you went back to the bank and asked them why they asked you what the money was for when you wanted to pull some money out.
SPEAKER 02 :
Karen Gallagher put her curlers back in her hair and put on the fuzzy bathrobe and the bunny slippers and marched into the bank and said, I’d like to speak to the manager. You know, when you say that now, isn’t it funny how it just has an image to it? I’d like to speak to the manager.
SPEAKER 03 :
It’s like, oh, yeah, you’re one of those. But you know what? Yes, but I’d like to speak to the manager. 20 years ago is here comes a troublemaker. We can blow off in five seconds. I want to speak to the manager now in the era of online reviews in every consumer interface that you have. Don’t you have just people begging you for good reviews? We have power in the consumer world like never before. So you carry that into the bank lobby and.
SPEAKER 02 :
Well, I mean, the lady was very nice about it. She said she kind of politely explained that this is definitely their policy. This particular bank, she said, has had problems with money laundering. Now, she said, you know, you’ve probably seen the media accounts of the money laundering controversy we were in. And I actually hadn’t. I don’t know what she’s talking about.
SPEAKER 03 :
A particular bank that was a particular target of money launderers?
SPEAKER 02 :
A national chain. And she said, you know, we’ve been involved in AML. And I said, well, pardon me, what’s AML? She said, well, you’ve probably seen it in the news, anti-money laundering. Again, I don’t know what in the world. I said, well, okay, whatever. She said, all the banks are going to wind up doing this. She said, we could be fined if you’re engaged in… Now, let’s set the table here for people who don’t remember. I went in to get… a withdrawal from my checking account for $4,000 because it’s higher than the ATM limit. I would normally never go into the lobby. I’d use the ATM, but the ATM daily limit in this case is, I think, $2,500. And I wanted to put it over into another bank account.
SPEAKER 03 :
You got an ATM that’ll give you $2,500? I do. Mine’s like $4,000. Of course, I’m doing ATMs at convenience stores. Well, you could ask them to increase the limit. They’ll do it for you. When am I ever at an ATM? I don’t know. Anyway, what is this cash you speak of?
SPEAKER 02 :
Well, I live at the ATM. Really? Really?
SPEAKER 03 :
Yeah. Are you a big cash-using guy? Because I’ve got the same, like, 80 bucks I had in my wallet two years ago.
SPEAKER 02 :
Yeah, I don’t know. I guess I am. I don’t know. Anyway, man. So anyway, I got $4,000 on. As the teller the other day counted it out, she said, now, what exactly is this transaction for? And I was just dumbfounded. I thought, you’re asking me how I’m spending my own money. And I didn’t say that to her. And I’m not a confrontational guy, believe it or not. I said to her, I’m not. I mean, in real life, I’m Clark Kent. I’m Superman, maybe, from, you know. You folded like a cheap suit yesterday or the day before when she asked you what the money was for. I told her what I was doing it for. I just, well, why not? I mean, I didn’t mean to hide. But I was thrown by it. I thought, well, anyway, I went back yesterday to ask why. Why did she? And I said, look, I’ve got no complaint about this lady. She was very polite. I don’t want to get her in trouble. I’m just wondering what. So she went on to say the bank can be fined if it’s been determined that I was engaged in criminal activity and they didn’t do anything about it. Now, wait a minute. Let me finish. Okay, go ahead. Let me finish. And part two, she could go to jail. She told me they could put her in jail if the bank is aware or sees that I was involved in criminal activity and they didn’t do anything about it.
SPEAKER 03 :
But who’s going to tell the truth about this? Let’s say that you were laundering money like Marty Bird in Ozark and simply said, well, I just want to put it from one account to the other. Okay, thank you, Mr. Gallagher. Boom. Let’s say you were a money launderer.
SPEAKER 02 :
What are you going to do? If there’s a red flag that they missed, they could get fined and incarcerated. And what would that be?
SPEAKER 03 :
You hemming and hawing and yammering and breaking out in a cold sweat? What do you want to know that for?
SPEAKER 02 :
I have no idea at this point. What I said to her was, I said, well, what did you do with the data? Because you’re obviously collecting data. She goes, she typed it in. She said, you said, you typed it in. I said, what do you do with that? She goes, it doesn’t go anywhere. It lives on your account so that if there is any investigation, they can look at the records and say, this is what Mike Gallagher told us was the reason for the withdrawal. And I said, well, you know, this falls under the category for many people of this isn’t anybody’s business. And she said, but again, it’s because of the banking regulations and what we’re required to do. And then I told her, I said, well, I’d always heard that any transaction, $10,000 or more, you do notify the government. She goes, nope, no, we don’t. Only if it’s cash. She said, if it’s an online transaction, we don’t do anything with that. Because because that’s already that she goes, that’s there’s a paper trail. She goes, it’s all about a paper trail. So anyway, you know, I don’t care particularly. It’s just it’s just one more example, I guess, of sort of the big brother factor and the way people are, you know, intruding into our lives. And it’s just. That’s why a lot of people won’t go to the bank. I mean, a lot of people aren’t going to go through this.
SPEAKER 03 :
Well, when you were talking about constantly being in the ATMs, getting out cash to stuff between your mattresses, I thought maybe you’re the trailblazer here. Because some of these stories spark a certain reaction in the social media world of where we’ve become too much toward the cashless society. Our money is all on paper, and that leaves us vulnerable, etc., etc., etc.
SPEAKER 02 :
Well, you mentioned you use your ATM at convenience stores all the time. See, I’m really leery. I got burned once. I think I told you this story. I used the ATM at a convenience store, and that was in New York. It was a bodega in New York, and they had one of those skimmers, and I got burned on it.
SPEAKER 03 :
Where you use your card, and there’s something in the keypad where they can come back and gather that, and they have all your data. Yeah.
SPEAKER 02 :
They captured the data from the strip on the back of your card. And I talked to the bank. And the bank said, never swipe your card. Never swipe it. Because now the technology allows you to tap. You know, you can tap now. At ATM? Oh, everywhere.
SPEAKER 03 :
Oh, you mean at various transactions. Okay, gotcha, gotcha. And the ATM.
SPEAKER 02 :
I’m a meat tapper. you tap don’t swipe because that that that eliminates that’s that’s the that’s why they’ve gone to these uh these yeah they get so but but i’m also because of that getting burned that’s a terrible feeling to look all of a sudden my phone was beeping and i’m looking all these transactions were popping up and after this guy after this was happened so i’m a little leery about the i like i do do a lot of cash tracks transactions good for you that’s
SPEAKER 03 :
60 seconds before we get to Hegseth. I need you to help me on this. You turn me on to this story, and then I turn it into the 8 o’clock hour yesterday. We all know who Ryan Caldwell is now. He’s the incredible a-hole there at the Eagles game. Boy, that narrows it down. Who berated and profanely attacked this woman in Packers regalia. And it’s terrible. Called her just an effing dumb C word. Just the worst. And then reactions started to pour in. And about half of my reaction was, you know, F-A-F-O, too bad. Don’t act like that. And the consequence will not befall you, which is fair enough. And the other reaction was, what? Because he called a woman a nasty name. His life is destroyed. His job is destroyed. And I don’t think he’s been fired yet. And I love that. He has been fired. He has been fired. Hospitality industry. He has been fired. And I just don’t know what I think about it.
SPEAKER 02 :
Hello. Can you hear me? He has been fired. I hear you.
SPEAKER 03 :
OK, so how do we so how do we how do you feel about that? There’s got to be a consequence for this. I get it. I’m Mr. Consequences, Mr. Accountability. But but there are other people in the reaction of the audience and online who said this is just too much. This is just what he did.
SPEAKER 02 :
OK, what? So where are you? I’m so torn by this. Me too. It’s definitely a product of this social media world we’re in where anything you do – and look, none of us want our worst moment captured on video. But you’re never going to do this. I’m never going to do this. But I might get aggravated or you might get aggravated or something happens or you’re having an argument. You and a bank could – He might go off on a bank. Well, you never know. I mean, look, now it’s egregious to call a woman a dumb C word. But by the way, he is an Eagles fan. So there’s that.
SPEAKER 03 :
You know, I think people said is this is a Packers content creator guide, his fiance. What happened to me 30 minutes prior to this? Had they been? Did they play any part in escalating this? Not that that makes his tirade against her. OK.
SPEAKER 02 :
Did she call him worse things? Did she say things? Were they going back and forth and he lost it? But according to all the reports in the New York Post, BCT Partners, which is ironically a DEI-focused management consult, A consulting firm in East Brunswick, New Jersey announced the firing in a statement last night. They concluded their internal investigation and decided to part company with the employee. Now, here’s the Mark Davis litmus test. Hey, it’s free market, capitalism, business gets to fire whoever they want to fire. Absolutely true. I mean, look, let me put you on the spot. You’re running a company with 100 people and you find out that one of your employees did this, is capable of doing this. Don’t you think you have the prerogative to say sayonara?
SPEAKER 03 :
Of course I have the prerogative. There is no doubt that the company had the right to do this. Was it right to do this is the tougher question. And the litmus test that I apply to that is if the company assesses that there is a net profit, damage to them by having this guy in their employ, reputational damage. You can’t send them on sales calls anymore. You’re getting horrible press for keeping this guy on the payroll. Then, okay, he’s got to go, and it becomes his problem. If it’s somewhat less than that, maybe there’s still a capacity in our society to dust ourselves off, have some apologies. You know who has apologized? The Eagles organization. They gave her like $1,000 of pay.
SPEAKER 02 :
Cows out of that bar with the Eagles fans. I mean, my God.
SPEAKER 03 :
Exactly. And the guy has been banned from. For life. For life.
SPEAKER 02 :
But look, but Mark, maybe the consequence is act a little better. You know, do better in public.
SPEAKER 01 :
Be more polite.
SPEAKER 02 :
A polite society can go a long way. You know, I was I’ve been thinking a lot. It was Rush Limbaugh’s birthday the other day. And one of the joys of my life was getting a job in New York and working down the hall from Rush. It was a big, big kick for me because without him, none of us are sitting here. He completely transformed the medium. And I was buddies with Johnny Donovan. Johnny was his longtime voice announcer. And Johnny was one of the legendary disc jockeys in New York City, one of the good guys back in the day. And Johnny had a rule. He said, look, if I was emperor of the world, here’s what I’d do. It would be a one-kill rule. You’re allowed to kill one person in your lifetime. One person can be dead. If anything is done that offends you. But just one, just one. So that he goes, he goes, do you realize how polite society would be? Because nobody wants to make anybody mad. Because you don’t know whether the person that’s in front of you has gotten their kill yet. That’s right. That’s exact. Johnny said one kill a lifetime. He goes, it’d be a complete. Anyway, we got inauguration coming. Pete Hegseth. How about three seconds? How great was Pete? I’m so proud. I’m so proud. Well, I knew he would be. Look, he’s a broadcaster. Incidentally, did you see they had to reveal what they paid him to do the weekends at Fox and Friends?
SPEAKER 03 :
Did you see what he was making? What was it?
SPEAKER 02 :
$2.4 million a year.
SPEAKER 03 :
To sit on the couch on a Saturday morning?
SPEAKER 02 :
On a Saturday morning. That’s a gig. I mean, good for him.
SPEAKER 03 :
What’s Jesse Waters making?
SPEAKER 02 :
Well, Hannah, he’s up to $25, I think. So there’s big bucks over there. There’s gold in them Thar Hills. There’s gold in them cable channels. How about Stolen Valor Blumenthal? How many people in the Army? How many people in the… And of course, Pete had almost all the numbers correct. But he was off a little bit. And then Stolen Valor Blumenthal, a guy who got called out by the New York Times for lying about serving in Vietnam… He says, you’re not qualified to lead the armed forces because there’s so many people in the armed forces. It’s the size of the armed forces. Can you imagine the gall of that guy waking up saying, I’m the guy that lied about serving? Is there anything really worse, Mark, in your mind, really, in the scheme of things, than spitting in the face of every single man or woman who served this country by lying about your military service?
SPEAKER 01 :
Every time I see that guy…
SPEAKER 02 :
Every time I see him, my skin crawls. I think, is it just me? I mean, who the heck is he? How do you have the nerve to even appear at that hearing and grill a war hero like Pete Hegg says? So he’s going to get confirmed. Joni Ernst came around. She was the one holdout, I think. And she’s all on board. And we got our bags packed. Are you a Friday show and then off you go? Yep, yep. And the low on Monday is 12 degrees above zero. The high is 23 degrees on Monday in Washington, D.C.
SPEAKER 03 :
Listen, 1984, Reagan’s second inaugural. They had to cancel the parade.
SPEAKER 02 :
Oh, I know. Do you remember one of the presidents died because he got pneumonia at the inauguration? William Henry Harrison, president number nine. There you go. So I hope Trump bundles up. Exactly. Bundle up, Mr. President. Bundle up your overcoat. When the wind is free, I’ll take good care of you. I’ll be cheering him on from a warm, toasty studio in our nation’s capital.
SPEAKER 01 :
Fantastic.
SPEAKER 02 :
Joey Hudson’s outside, though, so we’ll give you the stories.
SPEAKER 01 :
Excellent, man.
SPEAKER 02 :
Happy Wednesday.
SPEAKER 01 :
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