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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 nikanj on Saturday November 23, 2024 @06:39AM (#42220420)
Large banks have gone to great lengths to teach people that banks can never be trusted
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Re:Americans see their savings vanish in Synapse fintech crisis by JohnFen on Saturday November 23, 2024 @09:37AM (#42221109)
I trust them a whole lot more than any random fintech company. At least with traditional banks, there is some amount of protection available.
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Re:Americans see their savings vanish in Synapse fintech crisis by PaulDavisThe1st on Saturday November 23, 2024 @12:16PM (#42222011)
Put differently:

Less than zero: trust to place in random fintech company

Zero: trust to place in random bank

Very low value: trust to place in a carefully selected bank

Moderate value: trust to place in FDIC

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