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.

  • BigMacHole@lemm.ee
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    14 hours ago

    I can’t wait until TRUMP Dismantles the Protections that PREVENT this type of thing from Normally Happening!

    • NotAnotherLemmyUser@lemmy.world
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      13 minutes ago

      Except, if we already had protections to prevent this from happening, then it wouldn’t have happened… Or at least the FDIC would have actually stepped in by now to pay everyone back and track down all the funds themselves.

        • TORFdot0@lemmy.world
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          34 minutes 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

      • CarbonatedPastaSauce@lemmy.world
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        11 hours ago

        The fact that every other article about his incoming administration is talking about their desire to dismantle the federal government, maybe.

      • n2burns@lemmy.ca
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        12 hours ago

        Example #1 is how he’s cozied up to crypto and talked about deregulating it.

      • SolacefromSilence@fedia.io
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        14 hours ago

        People are desperate and Trump is unpredictable. They ‘know’ the Dems aren’t helping them, so Trump might accidentally do it!