@TokenBoomerM to Progressive Politics • 11 hours agoSmiling Hackerimagemessage-square41arrow-up1330arrow-down120file-text
arrow-up1310arrow-down1imageSmiling Hacker@TokenBoomerM to Progressive Politics • 11 hours agomessage-square41file-text
minus-square@[email protected]linkfedilink3•8 hours agoAccording to the Wikipedia he withdrew money from private individuals’ credit cards.
minus-square@rockSlayerlink19•10 hours agoBanks are insured, along with all accounts under $250k. I don’t know about you, but I’ve never had to worry about going over the FDIC limit.
minus-square@[email protected]linkfedilink1•5 hours agoI mean, I’m not taking sides or anything but isn’t the FDIC a government agency and any insurance money used to cover thefts ultimately come from taxpayers?
minus-square@rockSlayerlink2•43 minutes agoNo, because the US federal government has monetary sovereignty using a Fiat currency, meaning the US can pay for it without extracting it from taxes.
Theft against banks.
According to the Wikipedia he withdrew money from private individuals’ credit cards.
That’s the bank’s money.
Banks usually hold other people’s money.
Banks are insured, along with all accounts under $250k. I don’t know about you, but I’ve never had to worry about going over the FDIC limit.
I mean, I’m not taking sides or anything but isn’t the FDIC a government agency and any insurance money used to cover thefts ultimately come from taxpayers?
No, because the US federal government has monetary sovereignty using a Fiat currency, meaning the US can pay for it without extracting it from taxes.