Re:Salim Kara stole $2M in coins with a magnet and a car ant...
by topkai22 on Tuesday January 02, 2024 @10:24AM
(#38842544)
> …checking and savings accounts are only IOUs…
That are guaranteed by the US Government up to $250,000. While the average person may not know the details, the average person’s faith in the banking system is well founded. That’s why these “alt-banks”, which avoid FDIC or NCUA coverages, are so problematic.
That are guaranteed by the US Government up to $250,000. While the average person may not know the details, the average person’s faith in the banking system is well founded. That’s why these “alt-banks”, which avoid FDIC or NCUA coverages, are so problematic.