@[email protected] to BusinessEnglish • 2 months ago'I have no money': Thousands of Americans see their savings vanish in Synapse fintech crisiswww.cnbc.comexternal-linkmessage-square16fedilinkarrow-up133arrow-down10cross-posted to: news[email protected]technologyeconomy
arrow-up133arrow-down1external-link'I have no money': Thousands of Americans see their savings vanish in Synapse fintech crisiswww.cnbc.com@[email protected] to BusinessEnglish • 2 months agomessage-square16fedilinkcross-posted to: news[email protected]technologyeconomy
minus-square@[email protected]linkfedilinkEnglish9•2 months 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-square@[email protected]linkfedilinkEnglish2•2 months agoYeah. Said the money was in FDIC banks. Maybe it was, for a minute.
minus-square@farcasterlinkEnglish2•2 months agoThey stole from the non-wealthy. Slap on the wrist, if anything.
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!