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A comment on Why Germans pay cash for almost everything. Parent comment

Re:Why Germans pay cash for almost everything by theEXTORTCIST on Tuesday August 08, 2017 @11:11AM (#14958602)
Some relevant info: In the USA average consumers are protected by the FDIC for the balances of their deposits up to $250,000. A large number of banks have consumer liability limits in place for protection from fraudulent charges on their credit cards.

https://www.fdic.gov/consumers/banking/facts/

[ Parent | on HN ]
Re:Why Germans pay cash for almost everything by jhoechtl on Tuesday August 08, 2017 @11:21AM (#14958746)
In case of large defaulting companies history has shown that there are no 100% safety nets despite all claims.

Those claims are made to increase trust and lower market interest rates for companies to borrow money but regularly failed once really needed.

[ Parent | on HN ]