KEY POINTS
- Thousands of Americans will receive little or nothing from savings accounts that were locked during the collapse of fintech middleman Synapse.
- Customers believed the accounts were backed by the full faith and credit of the U.S. government.
- CNBC spoke to a dozen customers caught in the predicament, people who have lost sums ranging from $7,000 to well over $200,000.
- While there’s not yet a full tally of those left shortchanged, at fintech Yotta alone, 13,725 customers say they are being offered a combined $11.8 million despite putting in $64.9 million in deposits.
I’m sorry this happened. I’m concerned that further deregulation and dismantling of consumer or protections will make this even worse.
Good news, there will be an absolute fuck-ton of further deregulation and dismantling of consumer protections over the next four years!
Four? Hah… you make me laugh. He’s never leaving
He’s an old man. Unless anti-aging research unexpectedly advances several orders of magnitude faster than its been doing in the next few years, he’ll be leaving office one way or another.
His father made it to 93. So, he has 15 more years.
That’s not how that works.
That is how that works. Genetics strongly influence factors like disease resistance, metabolism, and cellular repair, which contribute to a longer lifespan.And trump has easy access to cutting edge medicine.
A sedentary lifestyle, obesity and a diet heavy in hamberders and other crap food can more than offset that.
Regardless, he’s not close to death.
Feet first and hopefully in fewer than 4 years
Why are you WORRIED about FURTHER Deregulation of your Money so that THIS EXACT SCENARIO can Happen to you too? You must be a SOCIALIST! I cant WAIT for Trump to Deregulate my Money so Banks can LOSE it All!