What Happens When Your Bank Isn't a Bank and Your Money Disappears?

Even if one could prove a direct link between the depositor and the FDIC insured bank (making the insurance relevant), the depositor has given Mercury the right to move money in and out of the FDIC insured accounts.

Even if one could prove the money was illegally taken, FDIC insurance is for bank failure. Not for theft.

Private/Relationship banking might be lackluster with JPM depending on your account size.

Idk if I'd trust a non-FDIC insured bank and any bank that isn't Basel 1/2 compliant so most Neobanks seem too risky. They anyhow prefer to use state chartered banks which tend to be significantly more brittle than nationally chartered banks.

True, I am not wealthy enough for Chase to care, but they send me marcom as if I had zero understanding of finance, to the point of it being offensive.

I am in the process of moving my personal accounts out, to another bank who is willing to put me in the correct cohort (I realized I’m paying them ~$500/year for that btw. Which is very little considering the costs). My mortgage would stay at Chase, because of interest rates, and I’ll have to keep getting marcom that assumes I think of it as a IOU and not a financial instrument.

ETA iirc home depot has 75' for $30 for, uh, passable garden hose. I understand we can buy cheap stuff but even the cheap stuff is more expensive than it used to be.

3000 miles unless synthetic then 5 or 6 (same as my 2012 lexus with a simlar sized engine), 17-18MPG (same as my lexus), and "if you have a wrench and a Haynes you're halfway done".

hope this clears up some things.

eta: the 0-60 i am not sure, i'm sure my car with a 4.6 liter is faster and isn't governed at the same speed as the 1985 mustang, but it's not an order of magnitude faster or anything - the mustangs with large engines were always "fast" and relatively safe. I've owned 3 from the 90s and wrecked two and walked away with nary a bruise from insurance totals.

also if i drive intending to "Hypermilage" i can get nearly 30MPG out of my lexus, but i could get ~30 in a Mitsubishi Evo X and a F-550, too. Daily driving is <20MPG on all those. For reference on a 1.6L i can get nearly 80MPG on certain roads, and always above 65MPG. It annoys everyone around me though, so i tend to only do it if i am driving across country, which is the boringest thing ever.

McDonald's subsidizes their food with drinks; regardless, though, inflation (in last decade only) on McChicken is 199%, mcdouble 169%, medium fries 138%; taco bell: 5-layer 132%; popeye's mashed potatoes 134%. See? onion-picking the big mac as the basis makes inflation "look better"

My car insurance is double what it was in 2014. My electric bill is easily 60% more expensive than it was in 2014, i said that already. That's more than double the 2.6% BLS numbers.

we can go around all day, but citing the government for numbers about inflation seems counter-productive.

anyone else notice how few fireworks were going off prior to july 4th? or after? Is that normal?