this post was submitted on 12 Jan 2025
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Cool motive, still theft.
Relevant username.
Cool motive, if true this man helped more people than most people will or have ever done.
Theft against banks.
According to the Wikipedia he withdrew money from private individuals' credit cards.
That's the bank's money.
Banks usually hold other people’s money.
Banks are insured, along with all accounts under $250k. I don't know about you, but I've never had to worry about going over the FDIC limit.
I mean, I'm not taking sides or anything but isn't the FDIC a government agency and any insurance money used to cover thefts ultimately come from taxpayers?
No, because the US federal government has monetary sovereignty using a Fiat currency, meaning the US can pay for it without extracting it from taxes.
Now, my caddie's chauffeur informs me that a bank is a place where people put money that isn't properly invested. Therefore, robbing a bank is tantamount to that most heinous of crimes, theft of money.