From Newsgroup: alt.buddha.short.fat.guy

how millions of americans got tricked into using a bank that isn't a bank:

https://www.youtube.com/watch?v=hiE7NvONU5U
--
why are we god?
let's end war EfOa

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From Newsgroup: alt.buddha.short.fat.guy

On 6/23/2026 4:57 PM, dart200 wrote:

how millions of americans got tricked into using a bank that isn't a bank:

https://www.youtube.com/watch?v=hiE7NvONU5U

Only an idiot would put their money in a bank!

The standard interest rate for Bank of America's interest-bearing
checking accounts typically ranges from 0.01% to 0.02% APY.

Credit unions are not-for-profit banks.

They are member-owned financial cooperatives that provide the same
services as traditional banksrCochecking/savings accounts, mortgages, and
auto loans.

Instead of generating profits for outside shareholders, they return
surplus earnings to their members through lower loan rates, higher
savings yields, and fewer fees.

if I invested $10000 in a credit union paying 4.5% interest compounded
monthly with a $1000 monthly contribution, how much would you earn in 12 months

You will earn $710.02 in total interest over 12 months if you make your deposits at the end of each month, or $755.96 if you make your deposits
at the beginning of each month. This brings your final total account
balance to either $22,710.02 or $22,755.96,
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From Newsgroup: alt.buddha.short.fat.guy

On 6/23/26 7:32 PM, Dude wrote:

On 6/23/2026 4:57 PM, dart200 wrote:

how millions of americans got tricked into using a bank that isn't a
bank:

https://www.youtube.com/watch?v=hiE7NvONU5U

Only an idiot would put their money in a bank!

u didn't watch the video again Efn+
--
hi, i'm nick!
let's end war EfOa

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From Newsgroup: alt.buddha.short.fat.guy

On 6/24/2026 12:27 AM, dart200 wrote:

On 6/23/26 7:32 PM, Dude wrote:

On 6/23/2026 4:57 PM, dart200 wrote:

how millions of americans got tricked into using a bank that isn't a
bank:

https://www.youtube.com/watch?v=hiE7NvONU5U

Only an idiot would put their money in a bank!

u didn't watch the video again Efn+

The video didn't even mention credit unions, which are great because
they are member owned.

Also not mentioned is one of the big reason Fintech got so much
traction: the ability to start a new bank is so difficult now due to
onerous new regulation that it's almost impossible.

Make it easier to start new banks, educate the public on the benefits of member ownership, and require fintech companies to bear the
responsibility of repaying their customers if any of their partners go
out of business.

--- Synchronet 3.22a-Linux NewsLink 1.2

From Newsgroup: alt.buddha.short.fat.guy

On 6/23/2026 9:27 PM, dart200 wrote:

On 6/23/26 7:32 PM, Dude wrote:

On 6/23/2026 4:57 PM, dart200 wrote:

how millions of americans got tricked into using a bank that isn't a
bank:

https://www.youtube.com/watch?v=hiE7NvONU5U

Only an idiot would put their money in a bank!

u didn't watch the video again Efn+

What is wrong with you, Nick?

This is a text-based chat room, for God's sake Nick! Just sit up and key
like a man - text to text. This isn't a game Nick, like YouTube. Get
serious! YMMV.

Thank you for your attention to this matter.

PS: You placed a query in the Subject box, therefore your political
opinions will not be searchable on the Archive server.

So, I already told you this numerous times, Nick. The Search feature is
the backbone of Usenet. Get a clue, Nick.

Your data is wasted, Nick, wasted! You failed to include a contextual
comment. Dumb. Really dumb.
--- Synchronet 3.22a-Linux NewsLink 1.2

From Newsgroup: alt.buddha.short.fat.guy

On 6/24/2026 9:07 AM, Wilson wrote:

On 6/24/2026 12:27 AM, dart200 wrote:

On 6/23/26 7:32 PM, Dude wrote:

On 6/23/2026 4:57 PM, dart200 wrote:

how millions of americans got tricked into using a bank that isn't a
bank:

https://www.youtube.com/watch?v=hiE7NvONU5U

Only an idiot would put their money in a bank!

u didn't watch the video again Efn+

The video didn't even mention credit unions, which are great because
they are member owned.

Also not mentioned is one of the big reason Fintech got so much
traction: the ability to start a new bank is so difficult now due to
onerous new regulation that it's almost impossible.

Make it easier to start new banks, educate the public on the benefits of member ownership, and require fintech companies to bear the
responsibility of repaying their customers if any of their partners go
out of business.

The Subject is money. With Nick, it's always about the money. Your money.
So, like I already told Nick, some people are highly susceptible to suggestion. Nick and Noah are perfect example of Suggestibility.

The claims Nick is referring to are entirely false and fabricated,
originating from a mashup of internet rumors and memes made up by
informants which have all been refuted and found to be spurious, crude
racist and biased, on this board!

So, I've got to be honest - Nick's conspiracy theory about the WTC-7
collapse being an inside job perverted by Jews in a conspiracy with the
Crown Prince of Arabia is way over the top.

You can't make this stuff up, Wilson!

It's nuts!
--- Synchronet 3.22a-Linux NewsLink 1.2

From Newsgroup: alt.buddha.short.fat.guy

On 6/24/26 9:07 AM, Wilson wrote:

On 6/24/2026 12:27 AM, dart200 wrote:

On 6/23/26 7:32 PM, Dude wrote:

On 6/23/2026 4:57 PM, dart200 wrote:

how millions of americans got tricked into using a bank that isn't a
bank:

https://www.youtube.com/watch?v=hiE7NvONU5U

Only an idiot would put their money in a bank!

u didn't watch the video again Efn+

The video didn't even mention credit unions, which are great because
they are member owned.

Also not mentioned is one of the big reason Fintech got so much
traction: the ability to start a new bank is so difficult now due to
onerous new regulation that it's almost impossible.

did u not get to the part where the fintech processor couldn't account
for like $100M discrepancies on the daily??? and then people just lost
their money???

the reason normal banks don't do that is *because* regulation. cause
they use to be a lot _more_ like that before we put in banking regulation.

idk how u watch that and go: yeah we need less regulation. unless u
didn't actually watch like the other massive dud here.

Make it easier to start new banks, educate the public on the benefits of member ownership, and require fintech companies to bear the
responsibility of repaying their customers if any of their partners go
out of business.

lol, so make the shareholders personally liability??? or what??? pull
from non-existent money???
--
why are we god?
let's end war EfOa

--- Synchronet 3.22a-Linux NewsLink 1.2

From Newsgroup: alt.buddha.short.fat.guy

On 6/24/2026 12:59 PM, dart200 wrote:

On 6/24/26 9:07 AM, Wilson wrote:

On 6/24/2026 12:27 AM, dart200 wrote:

On 6/23/26 7:32 PM, Dude wrote:

On 6/23/2026 4:57 PM, dart200 wrote:

how millions of americans got tricked into using a bank that isn't
a bank:

https://www.youtube.com/watch?v=hiE7NvONU5U

Only an idiot would put their money in a bank!

u didn't watch the video again Efn+

The video didn't even mention credit unions, which are great because
they are member owned.

Also not mentioned is one of the big reason Fintech got so much
traction: the ability to start a new bank is so difficult now due to
onerous new regulation that it's almost impossible.

did u not get to the part where the fintech processor couldn't account
for like $100M discrepancies on the daily??? and then people just lost
their money???

Yes, that point was pretty well driven home. Along with tons of
gratuitous mentioning of various people who are currently in office but
who didn't create this situation. Wild how they didn't bother to mention
that all of this was going on while Biden was president.

the reason normal banks don't do that is *because* regulation. cause
they use to be a lot _more_ like that before we put in banking regulation.

Banking regulations have existed since the 1930s.

Before the 2008 financial crisis the US saw an average of over 100 new
bank charters per year. After the Dodd-Frank Act (2010), new charters plummeted. From 2010 onward, the average has been fewer than 6rCo10 per year.

Big banks supported this for obvious reasons. Big business /always/
supports regulation when it makes it harder for new companies to start.

idk how u watch that and go: yeah we need less regulation. unless u
didn't actually watch like the other massive dud here.

Don't just be a first order thinker. If you ignore the problems behind
the surface level you won't get good solutions.

Make it easier to start new banks, educate the public on the benefits
of member ownership, and require fintech companies to bear the
responsibility of repaying their customers if any of their partners go
out of business.

lol, so make the shareholders personally liability??? or what??? pull
from non-existent money???

Requiring them to have insurance to cover losses would be one way to
stop this from happening in the future.

The money exists somewhere. Someone is responsible. Find them, prosecute
them, and force them to make restitution. And my answer on how to handle restitution if they "don't have the money" is probably harsher than yours.

--- Synchronet 3.22a-Linux NewsLink 1.2

From Newsgroup: alt.buddha.short.fat.guy

On 6/24/2026 11:09 AM, Wilson wrote:

On 6/24/2026 12:59 PM, dart200 wrote:

On 6/24/26 9:07 AM, Wilson wrote:

On 6/24/2026 12:27 AM, dart200 wrote:

On 6/23/26 7:32 PM, Dude wrote:

On 6/23/2026 4:57 PM, dart200 wrote:

how millions of americans got tricked into using a bank that isn't >>>>>> a bank:

https://www.youtube.com/watch?v=hiE7NvONU5U

Only an idiot would put their money in a bank!

u didn't watch the video again Efn+

The video didn't even mention credit unions, which are great because
they are member owned.

Also not mentioned is one of the big reason Fintech got so much
traction: the ability to start a new bank is so difficult now due to
onerous new regulation that it's almost impossible.

did u not get to the part where the fintech processor couldn't account
for like $100M discrepancies on the daily??? and then people just lost
their money???

Yes, that point was pretty well driven home. Along with tons of
gratuitous mentioning of various people who are currently in office but
who didn't create this situation. Wild how they didn't bother to mention that all of this was going on while Biden was president.

the reason normal banks don't do that is *because* regulation. cause
they use to be a lot _more_ like that before we put in banking
regulation.

Banking regulations have existed since the 1930s.

Before the 2008 financial crisis the US saw an average of over 100 new
bank charters per year. After the Dodd-Frank Act (2010), new charters plummeted. From 2010 onward, the average has been fewer than 6rCo10 per year.

Big banks supported this for obvious reasons. Big business /always/
supports regulation when it makes it harder for new companies to start.

idk how u watch that and go: yeah we need less regulation. unless u
didn't actually watch like the other massive dud here.

Don't just be a first order thinker. If you ignore the problems behind
the surface level you won't get good solutions.

Make it easier to start new banks, educate the public on the benefits
of member ownership, and require fintech companies to bear the
responsibility of repaying their customers if any of their partners
go out of business.

lol, so make the shareholders personally liability??? or what??? pull
from non-existent money???

Requiring them to have insurance to cover losses would be one way to
stop this from happening in the future.

The money exists somewhere. Someone is responsible. Find them, prosecute them, and force them to make restitution. And my answer on how to handle restitution if they "don't have the money" is probably harsher than yours.

Almost all banks run on AI technology these days, and so do hackers -AI
is a hacker dream. Their favorite tool box.

It's not a matter of, if the hackers hack your system - it's a matter of
when.

YMMV.
--- Synchronet 3.22a-Linux NewsLink 1.2

From Newsgroup: alt.buddha.short.fat.guy

On 6/24/26 11:09 AM, Wilson wrote:

On 6/24/2026 12:59 PM, dart200 wrote:

On 6/24/26 9:07 AM, Wilson wrote:

On 6/24/2026 12:27 AM, dart200 wrote:

On 6/23/26 7:32 PM, Dude wrote:

On 6/23/2026 4:57 PM, dart200 wrote:

how millions of americans got tricked into using a bank that isn't >>>>>> a bank:

https://www.youtube.com/watch?v=hiE7NvONU5U

Only an idiot would put their money in a bank!

u didn't watch the video again Efn+

The video didn't even mention credit unions, which are great because
they are member owned.

Also not mentioned is one of the big reason Fintech got so much
traction: the ability to start a new bank is so difficult now due to
onerous new regulation that it's almost impossible.

did u not get to the part where the fintech processor couldn't account
for like $100M discrepancies on the daily??? and then people just lost
their money???

Yes, that point was pretty well driven home. Along with tons of
gratuitous mentioning of various people who are currently in office but
who didn't create this situation. Wild how they didn't bother to mention that all of this was going on while Biden was president.

the reason normal banks don't do that is *because* regulation. cause
they use to be a lot _more_ like that before we put in banking
regulation.

Banking regulations have existed since the 1930s.

Before the 2008 financial crisis the US saw an average of over 100 new
bank charters per year. After the Dodd-Frank Act (2010), new charters plummeted. From 2010 onward, the average has been fewer than 6rCo10 per year.

Big banks supported this for obvious reasons. Big business /always/
supports regulation when it makes it harder for new companies to start.

idk how u watch that and go: yeah we need less regulation. unless u
didn't actually watch like the other massive dud here.

Don't just be a first order thinker. If you ignore the problems behind
the surface level you won't get good solutions.

bro, as society gets more complex, as banks have more services they can provide, as they provide more kinds of "financial instruments" the, as
they produce more kinds of interconnections, the amount of law needed to regulate that increases ...

one major problem with private production is having a public body
regulate private production constantly after the fact is likely not a sustainable way to build compliance at scale. nvm the problem of how do
we even know when regulation in response to some particular instance
went too far???

Make it easier to start new banks, educate the public on the benefits
of member ownership, and require fintech companies to bear the
responsibility of repaying their customers if any of their partners
go out of business.

lol, so make the shareholders personally liability??? or what??? pull
from non-existent money???

Requiring them to have insurance to cover losses would be one way to
stop this from happening in the future.

so more regulation requiring more cost, eh?

The money exists somewhere. Someone is responsible. Find them, prosecute them, and force them to make restitution. And my answer on how to handle restitution if they "don't have the money" is probably harsher than yours.

you think i'm against punishing shareholders??? lol
--
why are we god?
let's end war EfOa

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