PhilipTheBucket@ponder.cat to Business@lemmy.worldEnglish · 1 month ago'I have no money': Thousands of Americans see their savings vanish in Synapse fintech crisiswww.cnbc.comexternal-linkmessage-square16fedilinkarrow-up133arrow-down10cross-posted to: [email protected][email protected][email protected][email protected][email protected]
arrow-up133arrow-down1external-link'I have no money': Thousands of Americans see their savings vanish in Synapse fintech crisiswww.cnbc.comPhilipTheBucket@ponder.cat to Business@lemmy.worldEnglish · 1 month agomessage-square16fedilinkcross-posted to: [email protected][email protected][email protected][email protected][email protected]
minus-squarerc__buggy@sh.itjust.workslinkfedilinkEnglisharrow-up9·1 month agocredulity. Here in the US we are well insulated from financial scammers, with the exception of fintech. When the average consumer sees FDIC they assume they are covered. Insane that $50m has evaporated. Fintech bros are the worst.
minus-squareAwkwardLookMonkeyPuppet@lemmy.worldlinkfedilinkEnglisharrow-up2·29 days agoWait, they advertised as FDIC insured and weren’t?
minus-squarerc__buggy@sh.itjust.workslinkfedilinkEnglisharrow-up2·29 days agoYeah. Said the money was in FDIC banks. Maybe it was, for a minute.
minus-squareAwkwardLookMonkeyPuppet@lemmy.worldlinkfedilinkEnglisharrow-up2·29 days agoOkay, that’s a crime. Someone better go to prison.
minus-squarefarcaster@lemmy.worldlinkfedilinkEnglisharrow-up2·29 days agoThey stole from the non-wealthy. Slap on the wrist, if anything.
minus-squareAwkwardLookMonkeyPuppet@lemmy.worldlinkfedilinkEnglisharrow-up2·29 days agoSad but true. Queue Metallica solo.
minus-squareAwkwardLookMonkeyPuppet@lemmy.worldlinkfedilinkEnglisharrow-up2·29 days agoDon’t tread on me!
credulity. Here in the US we are well insulated from financial scammers, with the exception of fintech. When the average consumer sees FDIC they assume they are covered. Insane that $50m has evaporated. Fintech bros are the worst.
Wait, they advertised as FDIC insured and weren’t?
Yeah. Said the money was in FDIC banks. Maybe it was, for a minute.
Okay, that’s a crime. Someone better go to prison.
They stole from the non-wealthy. Slap on the wrist, if anything.
Sad but true. Queue Metallica solo.
… And Justice For All
Don’t tread on me!