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EmM HoLLa.
New member
It's a of thumb never to have more money in an account than is FDiC insured..
In Boosie's defense.. I didn't learn this until I landed my first out of college and got mentored by a guy who founded and sold his company and was only working for the health care coverage.. Dude was a regular ass million dropping jewels on me daily.. And this was one of them.. At that time the FDIC insurance rate was significantly lower than $250k..
I say all that to say this.. The game is to be sold not to be told.. Can't blame a nigga like Boosie for not knowing if he truly didn't know.. One thing he does know is how to make money.. So he will make that 500k back sooner than later.. Which is a lot more than a lot of us can say..
In Boosie's defense.. I didn't learn this until I landed my first out of college and got mentored by a guy who founded and sold his company and was only working for the health care coverage.. Dude was a regular ass million dropping jewels on me daily.. And this was one of them.. At that time the FDIC insurance rate was significantly lower than $250k..
I say all that to say this.. The game is to be sold not to be told.. Can't blame a nigga like Boosie for not knowing if he truly didn't know.. One thing he does know is how to make money.. So he will make that 500k back sooner than later.. Which is a lot more than a lot of us can say..
Turfaholic
New member
Thereal_ba;9189660 said:Turfaholic;9189632 said:Nike shoebox and a green dot card >>>>>>> a bank
Until your house gets broken into or your house burns down
True that, but the bank can do the same shit. Niggas gonna be ass'd out of the government declared Marshall law. Banks going to freeze them accounts.
LcnsdbyROYALTY
New member
_God_;9190035 said:bless the child;9189784 said:Too bad, he should used that money on grammer lessons or, on a translator lol
boosie's grammer is just as good as yours
:joy: :joy: :joy:
1800skypager
New member
Sion;9189112 said:There's more to this story he's not saying or missing. If it's a bank account Boosie will be get back 250k in insurance from the FDIC but he has to prove it was fraud.I am 150% sure it's most likely shady accountants. The bank only holds the money there's not much they can do in his case.
And if he's as rich as he says he is then he needs to get a private banker.
Yes to the bolded
I don't know the man or his finances but he either overspent and is in denial and/or got took.
Shoulda bought some assets with that money, but who really knows though? I mean it really is no thing for a bank to create and erase trillions with a keyboard... no ones money is really safe in a bank.
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StillFaggyAF
New member
EmM HoLLa.;9190089 said:It's a of thumb never to have more money in an account than is FDiC insured..
In Boosie's defense.. I didn't learn this until I landed my first out of college and got mentored by a guy who founded and sold his company and was only working for the health care coverage.. Dude was a regular ass million dropping jewels on me daily.. And this was one of them.. At that time the FDIC insurance rate was significantly lower than $250k..
I say all that to say this.. The game is to be sold not to be told.. Can't blame a nigga like Boosie for not knowing if he truly didn't know.. One thing he does know is how to make money.. So he will make that 500k back sooner than later.. Which is a lot more than a lot of us can say..
U sell the game yea but youre supposed to freely drop that knowledge
Qiv_Owan;9190335 said:EmM HoLLa.;9190089 said:It's a of thumb never to have more money in an account than is FDiC insured..
In Boosie's defense.. I didn't learn this until I landed my first out of college and got mentored by a guy who founded and sold his company and was only working for the health care coverage.. Dude was a regular ass million dropping jewels on me daily.. And this was one of them.. At that time the FDIC insurance rate was significantly lower than $250k..
I say all that to say this.. The game is to be sold not to be told.. Can't blame a nigga like Boosie for not knowing if he truly didn't know.. One thing he does know is how to make money.. So he will make that 500k back sooner than later.. Which is a lot more than a lot of us can say..
U sell the game yea but youre supposed to freely drop that knowledge
Says who? How many occupations rely on these kinds of secrets.... In certain cases I can see the moral impetus but as a rule of the thumb... No. Just no.
Abraxas ;9190589 said:Qiv_Owan;9190335 said:EmM HoLLa.;9190089 said:It's a of thumb never to have more money in an account than is FDiC insured..
In Boosie's defense.. I didn't learn this until I landed my first out of college and got mentored by a guy who founded and sold his company and was only working for the health care coverage.. Dude was a regular ass million dropping jewels on me daily.. And this was one of them.. At that time the FDIC insurance rate was significantly lower than $250k..
I say all that to say this.. The game is to be sold not to be told.. Can't blame a nigga like Boosie for not knowing if he truly didn't know.. One thing he does know is how to make money.. So he will make that 500k back sooner than later.. Which is a lot more than a lot of us can say..
U sell the game yea but youre supposed to freely drop that knowledge
Says who? How many occupations rely on these kinds of secrets.... In certain cases I can see the moral impetus but as a rule of the thumb... No. Just no.
Im asking you for the time, not how a watch works
If u get me
Sorry but knowing how much the FDIC insures bank accounts for isn't "the game" - that's just some basic ass shit that anyone with a bank account should know. There are giant signs, plaques and stickers all over every bank that tell you the shit.
This isn't exactly advanced finance stuff here.
This isn't exactly advanced finance stuff here.
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SneakDZA;9190802 said:Sorry but knowing how much the FDIC insures bank accounts for isn't "the game" - that's just some basic ass shit that anyone with a bank account should know. There are giant signs, plaques and stickers all over every bank that tell you the shit.
This isn't exactly advanced finance stuff here.
Yeah all he had to do was split the money up in three accounts and all of his money would be insured.
bununs alias
New member
fdic applies to a bank failing, the government will guarantee that you get your money back. example being when that credit unions went down under a few years ago, the fed came in.
in the case of boosie, capital one did not fail, so he is not guranteed his money from the government. someone finessed his account, and the bank told him to kick rocks. i doubt they would of done this to an old white woman.
in the case of boosie, capital one did not fail, so he is not guranteed his money from the government. someone finessed his account, and the bank told him to kick rocks. i doubt they would of done this to an old white woman.
bununs alias
New member
https://www.fdic.gov/consumers/assistance/protection/IdTheft.html
Yes the FDIC insures against loss of funds held in FDIC member banks. The FDIC will not cover loss if the account holder is the perpetrator of the fraud or loss. You have 60 days to report the hacking or fraud loss and may get your money from the bank - depending on circumstances. You can II theft coverage.Oct 21, 2014
EmM HoLLa.
New member
bununs alias;9191193 said:https://www.fdic.gov/consumers/assistance/protection/IdTheft.html
Yes the FDIC insures against loss of funds held in FDIC member banks. The FDIC will not cover loss if the account holder is the perpetrator of the fraud or loss. You have 60 days to report the hacking or fraud loss and may get your money from the bank - depending on circumstances. You can II theft coverage.Oct 21, 2014
There it is....
bununs alias
New member
i think what everyone should take away from this (assuming boosie didnt know the person that got him) is this could happen to anyone, and use the resources the banks provide you to cover your ass.
these asian and russian hackers are hacking walmart/target/home depot etc each month, and they dont tell the public they got ALL your information stolen 3 years from then.
it could even be the teller at the local bank that finessed your ass, cause they have access to all of your information, and can pass that shit to her boyfriend that aint shit. i had a partner back in 03 who had a girlfriend that worked at washington mutual (chase bank now) and she would take down peoples bank info/credit card numbers/ccv, and give it to him to order shit online. they did that shit for 3 years, and rang up thousands and as far as i could tell never got caught. be safe
these asian and russian hackers are hacking walmart/target/home depot etc each month, and they dont tell the public they got ALL your information stolen 3 years from then.
it could even be the teller at the local bank that finessed your ass, cause they have access to all of your information, and can pass that shit to her boyfriend that aint shit. i had a partner back in 03 who had a girlfriend that worked at washington mutual (chase bank now) and she would take down peoples bank info/credit card numbers/ccv, and give it to him to order shit online. they did that shit for 3 years, and rang up thousands and as far as i could tell never got caught. be safe
bununs alias
New member
lmao @ no signing me. go to the fdic website to understand how fdic insurance works, its for the failure of banks, not individuals and fraud claims.
this is fdic working
this is fdic working
A$AP_A$TON
New member
Hope my nigga gets his money back. If you earning an honest living you don't desserve that.
Smh, might have to invest in a fireproof safe in the crib or something.
Smh, might have to invest in a fireproof safe in the crib or something.
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