Earlier quoted context omitted.
> Chase monitors your political activity This is a big claim. It should have big evidence to back it up.
Just follow any Conservative, Christian, or Gun group and you will see stories of Chase closing accounts for political reasons, Chase is will known for this in many political circles
Why banks are suddenly closing down customer accounts
821–830 of 901 posts
Re: Why banks are suddenly closing down customer accounts
#822Re: Why banks are suddenly closing down customer accounts
#823Earlier quoted context omitted.
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Crypto has been a scam from the beginning, the only thing that's changed is the public perception after NFTs bombed massively and crypto was once again left without any use case.
Re: Why banks are suddenly closing down customer accounts
#824Earlier quoted context omitted.
We just discussed this on the occasion of SBF being convicted as a fraudster: all crypto is a scam. Them being negative sum games makes them so. Whether the scam is a ponzi, a pyramid scheme or something novel is a matter of debate. That it's a scam is not in debate, that's a plain mathematical fact. https://www.washingtonpost.com/news/wonk/wp/2015/06/08/bitco... https://prestonbyrne.com/2017/12/08/bitcoin_ponzi/ htt…
> https://ic.unicamp.br/~stolfi/bitcoin/2020-12-31-bitcoin-pon... > https://ic.unicamp.br/~stolfi/bitcoin/2021-01-16-yes-ponzi.h... (The following comment is a copy of what I've already said here: https://news.ycombinator.com/item?id=36951404 ) Points 3, 4, & 5 apply similarly to any investments made in commodities (gold, silver, copper). A direct source of revenue for those commodities themselves is not provided: Th…
https://bsalert.com/fallacies/tu_quoque.html
> Again, as stated above, the gold itself doesn't have inherent value
That's absolutely hilarious to read right below the paragraph which describes their inherent value.
Re: Why banks are suddenly closing down customer accounts
#825It's remarkable how totalitarianism seeps in.
Read the comments on the article at the NYT, as well. Notice how many people take the banks' side. Whatever happens to you is fine and dandy as long as it doesn't happen to them... and it probably won't happen to them.
Re: Why banks are suddenly closing down customer accounts
#826Earlier quoted context omitted.
> In the same way that nobody knows which milk bottles are full of chalk, nobody knows enough about the hundreds of businesses they interact with on a daily basis to TOS comparison-shop. That's what brands and reputation are for. And it works: brands often do command a premium.
It didn't work for milk bottles that's why I used it as an example.
(Mainland) China has regulations for milk. Including banning of chalk. Alas, those regulations aren't enforced with much teeth in practice, so consumers rely on reputation and brands. Specifically, they buy milks from oversees, like Australia, because of their superior reputation.
A big part of that reputation is that Australian companies won't be protected by the Chinese government when they screw up. So it's harder for them to hide blemishes on their reputation (at least to hide them from Chinese customers).
Re: Why banks are suddenly closing down customer accounts
#827Re: Why banks are suddenly closing down customer accounts
#828Bank of america did this to me, in the same weekend i was moving out. All my stuff was in the car, it was a friday at 3PM and i was in the gas station. I couldn't fill up my gas. Called and they told me to come to the bank with two forms of ID. When I arrived to the bank the fraud department was operating in NY (3hrs ahead) and they were closing, so they told me to come next tuesday (it was a long weekend). I went ho…
Well, this happened in 2017.. fast forward to this account closure effect on my life: I had to go back to my country, without a degree, was not able to land any job. Unfortunately, good places require degrees. Stayed unemployed, hit with chronic depression as anyone would. Lost 4+ years of professional progress. When covid came, i was able to complete my degree online and graduated in 2021, but because all fresh grad…
All this idiocy could have been prevented by a communication stating "come here before one week or we will close your account". They simply do not care about people.
Re: Why banks are suddenly closing down customer accounts
#829They probably know equaly bad the customers whis accounts they do not close.
Both banks and the banking regulation is a joke. They could certainly do some more manual verification of suspected cases to clear out the obvious mistakes, but they only care about the bottom line and to not be fined.
Re: Why banks are suddenly closing down customer accounts
#830Bank of america did this to me, in the same weekend i was moving out. All my stuff was in the car, it was a friday at 3PM and i was in the gas station. I couldn't fill up my gas. Called and they told me to come to the bank with two forms of ID. When I arrived to the bank the fraud department was operating in NY (3hrs ahead) and they were closing, so they told me to come next tuesday (it was a long weekend). I went ho…
I've been unbanked for a while due to paperwork issues in France but thankfully didn't have any life-changing consequences like you.
I would love to present to the world your story. Can you e-mail me at lepenguin.stableunit@gmail.com
Thank you.