- ‘I have no money’: Thousands of Americans see their savings vanish

K-Dog · Feb 17, 2025, 12:35 AM

Scary stuff, I use established banks. Banks where FDIC insurance is not an issue. Brick and mortar places where you can walk through a door. Online banks give a better %, but the possibility of fintech is there, and banking digitally is scary. Loosing $200K is loosing years of work. A life's work.

Find out who took the money, then let Luigi out and give him a list.

I have one investment account that deals in short term bonds. It is supposed to be very safe, and it is at a nationally known bank. I'd prefer a fixed interest where the principal is FDIC insured. Such an account is not available at this bank with anything but token interest. My desire to earn 4 or 5% on my stash makes me a fucking imperialist. I admit it. Walking on the wild side with my stash I am.

Elon watched this as a baby. You know he did. And the global south is involved in earning my 5% somewhere. You know it. So how about some municipal bonds? I talk about money having a brain. Mine is telling me it wants to grow. Which of us will be smarter?

- ‘I have no money’: Thousands of Americans see their savings vanish

K-Dog

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