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Short Answer: The FDIC exists specifically so that there are not MASS runs on the banks. No need to worry as long as you're under the limit(s) in your account(s). Make sure your account is insured: https://www.fdic.gov/deposit/deposits/faq.html They say that the "FDIC is backed by the full faith and credit of the US Government." And they really do mean ...


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Worst case they get 0 $ back, but that does not mean that they lost money since credit was created out of thin air so even if every credit defaults they still will not loose any money and anything they get back is pure profit. Obviously if a bank never lost money by not getting paid back they would make loans all day long, even ones they knew they would not ...


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You asked, Should I not share my info even though it only has $25 in it? The answer is you should not share your info, even if the account only has $25 in it. In most cases, these scammers are after your identity, not your money. They don't literally want to steal your identity in the traditional sense, rather they want the ability to make transactions ...


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Banks aren't usually involved in this, at least not directly. The website offering the deal might need to loan additional money from a bank to cover for the money being paid later (if the deal is very successful). But let's examine a simple example. The consumer is being offered a product worth $100, but is allowed to pay it in four installments of $25, to ...


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