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A comment on Americans see their savings vanish in Synapse fintech crisis. Parent comment

Re:Americans see their savings vanish in Synapse fintech crisis by hunter2_ on Saturday November 23, 2024 @02:36AM (#42219683)
The fact that any bank would advertise "FDIC insured" is silly, as it conditions potential customers to look to the banks for this information. It would be better if folks were conditioned to consult only the FDIC themselves for this information.
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Re:Americans see their savings vanish in Synapse fintech crisis by cperciva on Saturday November 23, 2024 @02:48AM (#42219721)
It serves the same purpose as asking customers "are you a terrorist" -- it creates an easily prosecutable offence.
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Re:Americans see their savings vanish in Synapse fintech crisis by stoperaticless on Saturday November 23, 2024 @03:28AM (#42219813)
Could you expand on why is it easily prosecutable?

I sense that it has something to do with lying in documents.

But hypothetically: if I write “no”. Proof of lying requires proof of terrorism. (At which point you did all the job of proving terorism, despite the document)

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Re:Americans see their savings vanish in Synapse fintech crisis by rjsw on Saturday November 23, 2024 @04:11AM (#42219944)
If you ask it online then I guess it counts as wire fraud which may be easier to prosecute.
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Re:Americans see their savings vanish in Synapse fintech crisis by dooglius on Saturday November 23, 2024 @10:47AM (#42221491)
Is terrorism not already an easily prosecutable offense?
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Re:Americans see their savings vanish in Synapse fintech crisis by teeray on Saturday November 23, 2024 @09:33AM (#42221080)
It should be a protected term in advertising. As soon as you use it, you surrender yourself to FDIC auditors.
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