In 1980s Los Angeles, a bank was robbed every hour

Re:In 1980s Los Angeles, a bank was robbed every hour by trelane on Saturday October 21, 2023 @01:09PM (#37968615)

I am pretty sure they were responding to the "lack of trust" point raised by the parent, not the crime itself.

Their point was that they aren't worried / don't lose trust in the bank if it gets robbed. Rather, the money is guaranteed, so they retain confidence in the bank even if it loses a lot of many due to a particularly successful robbery. Because they'll still get their deposit back.

This is 100% what the FDIC and NCUA are about: ensuring continued consumer confidence in their banks.

[ Parent | on HN ]

Re:In 1980s Los Angeles, a bank was robbed every hour by Libcat99 on Saturday October 21, 2023 @05:33PM (#37970653)

That's not trust in the bank though, that's trust in the system/fdic.

I think many would lose trust in their bank if they heard it was being robbed with abnormal regularity.

[ Parent | on HN ]

Re:In 1980s Los Angeles, a bank was robbed every hour by wkat4242 on Saturday October 21, 2023 @08:58PM (#37971915)

I would only if I had a safety deposit box there.

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Re:In 1980s Los Angeles, a bank was robbed every hour by Libcat99 on Sunday October 22, 2023 @10:15PM (#37980871)

It's of course your perogative to use businesses that don't protect themselves.

It's also your perogative to shop at shady websites, and hope your credit card will accept the fraud claim. It basically the same thing.

[ Parent | on HN ]