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Questions tagged [banking]

for questions about claims based on banking and banks.

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26 votes
3 answers

Is money being spent globally being reduced by going cashless?

There is a scenario going around the Internet (Google link showing extent of reach) saying the following (with possible slight variations which I haven't spotted yet)... Why should we pay cash ...
Chris Rogers's user avatar
  • 2,638
36 votes
2 answers

Were a large fraction of US Dollars in existence printed since 2020?

For many months now I have heard claims on the internet and radio that some large fraction of USD "in existence" were printed since 2020. The percentage ranges between 40 and 80%. Is it a ...
thechimp's user avatar
  • 481
49 votes
3 answers

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 ...
Quora Feans's user avatar
  • 2,627
11 votes
2 answers

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 ...
Christian's user avatar
  • 33.8k
7 votes
1 answer

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 ...
rayray's user avatar
  • 173
8 votes
0 answers

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 ...
SherlockEinstein's user avatar
24 votes
1 answer

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 ...
timday's user avatar
  • 873
83 votes
1 answer

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 ...
ff524's user avatar
  • 10.2k
39 votes
2 answers

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 ...
tupto's user avatar
  • 517
2 votes
1 answer

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. since ...
Christian's user avatar
  • 33.8k
0 votes
0 answers

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. ...
Kevin's user avatar
  • 428
15 votes
1 answer

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, ...
fstanis's user avatar
  • 1,409
-3 votes
1 answer

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, ...
Digital fire's user avatar
9 votes
2 answers

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 ...
ike's user avatar
  • 4,960
1 vote
1 answer

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 The credit union cited the Automated Clearing House regulations as the reason they reopened my closed account when a third party tried to send ...
user avatar
12 votes
1 answer

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 ...
Franck Dernoncourt's user avatar
17 votes
2 answers

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 ...
matt_black's user avatar
  • 56.2k
18 votes
1 answer

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 ...
DForck42's user avatar
  • 455
9 votes
1 answer

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 ...
Coomie's user avatar
  • 8,521
18 votes
2 answers

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), ...
gerrit's user avatar
  • 17.9k
12 votes
1 answer

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 ...
Christian's user avatar
  • 33.8k