CNBC spoke to a dozen customers caught in the Synapse fintech predicament, people who are owed sums ranging from $7,000 to well over $200,000.
  • @givesomefucksEnglish
    7•4 days ago

    Don’t worry tho!

    These regular Americans paid tax dollars that helped save wealthy silicon valley account holders when they lost over the insured maximum:

    https://www.npr.org/2023/03/14/1163301538/customer-deposits-of-more-than-250-000-at-2-failed-banks-will-be-guaranteed

    I’m sure now that it’s the other way around Biden’s admin is go to jump in and use the wealthy’s money to reimburse the people who lost under the FDIC max and were tricked into believing they held normal bank accounts with FDIC protection.

    But even if they knew for a fact they had no protection…

    That would put them in the exact same position as people who had over the insurance maximum.

    Unless of course Biden doesn’t give a fuck about regular Americans and only wants to help the wealthy.

    Cuz we all know trump won’t do shit if it’s not fixed before January