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Questions tagged [banking]

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49
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3answers
10k views

Did only one banker in the US go to prison for the Financial Crisis of 2007-08?

In the movies The Big Short (2015) and Capitalism, a love story (2009), it is claimed that only a single banker, Kareem Serageldin, went to prison for the Financial crisis of 2007–2008, for which many ...
11
votes
2answers
594 views

Is the equity ratio of US banks around 3%?

Did John H. Cochrane, a professor of economics at Chicago, wrote: In order to make $100 of loans, a typical bank borrows $97—from depositors, from money-market funds, from other banks, or from ...
5
votes
1answer
458 views

Did a non-US Hungarian citizen get extradited to the United States for not reporting an American customer of his bank?

I was reading about this case in the news - Former Executive of Loyal Bank Ltd Pleads Guilty to Conspiring to Defraud the United States by Failing to Comply with Foreign Account Tax Compliance Act ...
7
votes
0answers
395 views

Do financial institutions specially approve loans to pay the Church of Scientology?

This is about claims made by Steven Mango (who appeared also in the "My Scientology Movie", directed by John Dower) between the 1:00 - 2:30 points in this video titled "Top 5 Craziest Experiences I ...
23
votes
1answer
1k views

Are criminals wandering around with contactless POS sale terminals helping themselves to small amounts from people's RFID credit/debit cards?

There is quite a lot of good coverage on Skeptics already of the security of RFID and contactless credit/debit cards, but it mainly focusses on card cloning and identity protection/privacy/tracking ...
81
votes
1answer
16k views

Did Steve Mnuchin's OneWest Bank foreclose on a 90-year-old woman's house after a 27-cent payment error?

Politico reports: Two years ago, OneWest filed foreclosure papers on the Lakeland, Florida, home of Ossie Lofton, who had taken a reverse mortgage, a loan that supplies cash to elderly homeowners ...
40
votes
2answers
12k views

Does the Rothschild family own most central banks?

Someone on my Facebook feed posted a video that stated that the Rothschild family owns all the central banks in the world except in North Korea, Iran, and Cuba. It also claims that in the year 2000 ...
2
votes
1answer
171 views

Did radically fewer new banks open after Dodd-Frank was enacted?

According to the WallStreet journal (non-paywalled quote on OverLawyered): Based in a rural village in the heart of Amish country, Bank of Bird-in-Hand is the only new bank to open in the U.S. ...
0
votes
0answers
103 views

Is it unsafe to write personal checks to random strangers? [duplicate]

According to Donald Knuth: Leading banks and investment funds have been foundering, because of bad debts and lack of trust; and other, less well-known kinds of fiscal chaos are also on the horizon. ...
14
votes
1answer
1k views

Could the Nokia 1100 be hacked to sniff SMS messages intended for third parties?

TL; DR; version: Is it possible that hackers were somehow able to "reprogram" a specific Nokia 1100 phone to make it receive SMS messages sent to another person's phone number? A couple of years ago, ...
-4
votes
1answer
1k views

Is the United States bankrupt?

According to this Doc, United States did go "Bankrupt" in 1933 and was declared so by President Roosevelt by Executive Orders 6073, 6102, 6111 and by Executive Order 6260 on March 9, 1933, ...
9
votes
2answers
793 views

Have 36 bankers died in 2014 from accidents, suicide, and murder?

This blog claims that: I would call a rash of 36 deaths – grizzly murders, accidents and questionable suicides – in one year… suspicious. And that’s just this year. If you look back, this has been ...
1
vote
1answer
280 views

Do financial institutions have a legal obligation to reopen a closed account if money is sent to that account? [closed]

This is a follow-up to a question I asked on Money.se: The credit union cited the Automated Clearing House regulations as the reason they reopened my closed account when a third party tried to send ...
12
votes
1answer
734 views

Do 95 percent of the world's ATMs use Windows XP?

Reuters claims: Windows XP currently supports around 95 percent of the world's ATMs. Is that true? In the same article, it is said: The U.S. software company first warned that it was planning ...
15
votes
2answers
1k views

Do banks typically lose as much money as they make in the long term?

Nicholas Nassem Taleb makes the following passing statement in his latest meditation on the nature and management of risk (Antifragile): ...businesses with negative optionality (that is, the ...
18
votes
1answer
10k views

Are businesses required to cut up credit cards?

There are several movies and tv shows in which a character attempts to use a credit card, only to find that it's been cancelled. This usually results in the card being cut up. In the trailer for the ...
9
votes
1answer
2k views

Did Libya's Central Bank offer loans at 0% interest?

I just watched The illuminati Exposed By Muammar Gaddafi. It's a really good watch (especially for us skeptics), but at one point they said that the reason Muammar al-Gaddafi was overthrown was, not ...
16
votes
2answers
9k views

Is posting my bank account number online unsafe?

With a credit-card number, validity date and CVV-code, people can make purchases, so this information should be strictly protected. But if I post my bank account details online (IBAN + BIC/SWIFT), ...
12
votes
1answer
5k views

Is there a $15 trillion fraud involving Yohannes Riyadi and the HSBC?

According to Lord James of Blackheath speech in the UK House of Lords there's evidence that a $15 trillon conspiracy/fraud is going on. In particular he says: "Today, I have this quite ...