this post was submitted on 22 Nov 2024
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192
'I have no money': Thousands of Americans see their savings vanish in Synapse fintech crisis (www.cnbc.com)
submitted 16 hours ago by [email protected] to c/[email protected]
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CNBC spoke to a dozen customers caught in the Synapse fintech predicament, people who are owed sums ranging from $7,000 to well over $200,000.

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[–] [email protected] 10 points 4 hours ago (1 children)

Republicans deregulate banks every time they get into office.

[–] [email protected] 1 points 1 hour ago

They are against things like the CFPB but they aren’t getting rid of the FDIC which is the good faith backing of the US banking system. The 1% isn’t so liquid that they wouldn’t lose huge amounts of money with a full scale banking crisis