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116 votes
Accepted

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

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. (...
DavePhD's user avatar
  • 107k
102 votes
Accepted

Does the Rothschild family own most central banks?

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 ...
DJClayworth's user avatar
  • 57.7k
99 votes
Accepted

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

The sensationalist claims you are seeing are from people who are either ignorant of economics (even at a fairly basic level) or are deliberately trying to mislead you. Let's consider some of the wide ...
DJClayworth's user avatar
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53 votes

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

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 ...
Oddthinking's user avatar
  • 144k
49 votes

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

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 ...
DavePhD's user avatar
  • 107k
47 votes
Accepted

Is money being spent globally being reduced by going cashless?

I'm assuming the $ in the question refers to US Dollars, so have tried to find US sources, although the principles apply in all markets. Does 3% of your payment go to fees? Possibly, although this is ...
IMSoP's user avatar
  • 9,005
26 votes

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

Did the money supply increase by 40-80% in 2020? Yes. It didn't increase by 425%, as you might think by looking at the M1 data (as DJClayworth points out in their answer, the jump there is due to a ...
hobbs's user avatar
  • 401
15 votes

Is money being spent globally being reduced by going cashless?

If you consider realistic fees for card payments and cash payments and include the cost for the time spent on handling the various payment options, and a large proportion of card payments are ...
gerrit's user avatar
  • 17.9k
15 votes

Does the Rothschild family own most central banks?

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 “...
DavePhD's user avatar
  • 107k
10 votes

Is the equity ratio of US banks around 3%?

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 ...
DavePhD's user avatar
  • 107k
10 votes
Accepted

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

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 ...
DavePhD's user avatar
  • 107k
7 votes

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

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 ...
ventsyv's user avatar
  • 7,124
7 votes
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Could the Nokia 1100 be hacked to sniff SMS messages intended for third parties?

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 ...
Learner's user avatar
  • 1,373
4 votes
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Are criminals wandering around with contactless POS sale terminals helping themselves to small amounts from people's RFID credit/debit cards?

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’...
Oddthinking's user avatar
  • 144k
3 votes

Is money being spent globally being reduced by going cashless?

There is a grain of truth in the statement: transaction fees are harmful to the economy and in an ideal world we'd have zero fees for sending money between any two people/companies in the world. This ...
JonathanReez's user avatar
  • 10.8k

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