Hot answers tagged

113

This is an ongoing case: CIT BANK, N.A. vs. LOFTON, OSSIE D. (case number 2016CA001327000000), filed 20 April 2016 in Polk County, Florida. A previous case was ONEWEST BANK NA vs. LOFTON, OSSIE D. (case number 2014CA004708000000), filed 25 November 2014 and was voluntarily dismissed. All the official documents of both these cases may be viewed as follows: ...


101

This statement is obvious and complete nonsense. Central banks don't have private owners as a rule, with the only notable exception being the US Federal Reserve bank, which is owned jointly by a number of major US private banks. For example: The Bank of England is owned an run by the UK government. The Bank of Canada is a crown corporation, owned and ...


54

Only one Wall Street banker (a trader) went to jail. Other people, who could be considered bankers, were also jailed. No Wall Street CEOs were jailed. Financial Times, August 9, 2017: In the US prosecutors have won convictions of 324 mortgage lenders, loan officers, real estate brokers, developers and others who were at the front end of a chain of events ...


50

90 bankers were convicted, of which 62 went to prison: Edward Woodard (conspiracy to commit bank fraud, false entry in a bank record, unlawful participation in loans, false statements to a financial institution, misapplication of bank funds, and bank fraud) 23 Years in Prison CEO, President: Bank of the Commonwealth Stephen Fields (conspiracy ...


17

This claim is utter and complete bollocks. Of the presidential decrees which it is claimed declare the US to be bankrupt: 6073 prohibits the unauthorized export of trade of gold 6102 prohibits the hoarding of gold 6111 admits to the existence of a 'national emergency in banking' and further prohibits the export of gold 6260 prohibits the hoarding of gold ...


15

This answer is limited to the USA. As held by the 8th circuit in Kennedy C. Scott v. Federal Reserve Bank of Kansas City, et al.: The Bank also does not constitute an federal agency based on any “proprietary interest” the United States possesses. The Bank is considered a separate corporation owned solely by commercial banks within its district, ...


14

Unfortunately, I could not find any world-wide data. However, the reputable German IT news site Heise says they have a report of the German Credit Association dated November 2013, which "seems to imply that almost all ATMs in Germany run on Windows 2000 or Windows XP". Germany might not be typical; it is a developed country, which could either mean that ...


11

The list of deceased people, and the circumstances of their deaths, are substantially correct with some small errors - but that's to be expected in any reportage.* David Bird, 55, long-time reporter for the Wall Street Journal working at the Dow Jones news room — Still missing, but his credit card has been used in Mexico. [Confirmed] [Six months later] Tim ...


10

No. Taking Bank of America for example, according to the Bank of America Corporation 2017 annual financial report (see especially Table 6 on page 39): The value of all loans and leases was $937 billion while the value of deposits was $1,310 billion. More broadly, the value of all assets (loans and leases being assets), after allowing for a $10 ...


8

There are plenty of online sources to confirm this list is accurate. I spot checked a few (Andrew Jarzyk, Li Junjie,Gabriel Magee, Ryan Henry Crane) and others have links to sources. As to whether this is unusual, suicidal bankers are not unusual: After the first batch of suicides early this year, Fortune Magazine wrote that banker suicides are not a new ...


8

There was more involved according to the US Department of Justice. “As alleged in the indictment, the defendants engaged in an elaborate multi-year scheme to defraud the investing public of millions of dollars through deceit and manipulative stock trading, and then worked to launder the fraudulent proceeds through off-shore bank accounts and the art world, ...


7

Banks took the money the American people gave them, and used it to pay themselves huge bonuses, and lobby the Congress to kill big reform. The money that's they are referring to here is the bank bailout that was passed in 2009. Of those, only a single banker went to jail; that's how I'm reading the claim. BoA, Citygroup, JPMorgan Chase, WellsFargo, Goldman ...


5

TL;DR answer: It seems like Nokia 1100 made it easier to spoof someone's phone number, but it wasn't as easy as media presented it. You still had to copy someone's SIM card. I don't see how such a thing would be possible for many reasons (how was it even possible to modify the software of such a closed platform where not even firmware upgrades were simple? ...


5

No. The first thing that needs to be mentioned is that the regulatory environment is very different across (otherwise) similar countries. For example, USA has thousands of registered banks, some of which go bust every year. Meanhile, Canada has a very limiated number of 'Schedule I' banks . So, the bankruptcy rates in Canada are much lower. Given that, ...


4

Roger Grimes is a computer security professional. In late 2017, he wrote an article for CSO describing his search for confirmed examples of people having the credit cards skimmed by an RFID reader: I’ve frequently said that I can’t find a single documented case of RFID credit card crime. [...] I decided that I was going to hunt down that data, once and for ...


2

Consumer Reports did a study on this in 2012, and found that: ...two of the nation’s 10 largest retail banks, Bank of America and Chase, reserved the right to reopen a closed account if there was a subsequent deposit; and Bank of America might also reopen an account after an attempted withdrawal. Chase told us later that it no longer reopens ...


1

It is not precisely true that there was only one new bank to open since 2010. In addition to the bank in Bird-in-hand, Primary Bank of New Hampshire was the second De Novo bank having a new charter approved since 2010. Also, Lakeside Bank of Lake Charles, Louisiana was a de novo bank that opened in 2010, but was approved earlier. There was also Start ...


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