From: grammatim@verizon.net   
      
   On Monday, June 5, 2023 at 8:30:52 AM UTC-4, General Kireiko wrote:   
   > Peter T. Daniels  wrote:   
   > : Coincidentally, yesterday afternoon NPR had a brief feature on the   
   > : increasing uncertainty surrounding money markets, and last night    
   > : Channel 2 News passed on a warning from some oversight body    
   > : that services like Paypal and Venmo are not a good place to maintain    
   > : a balance. (And they're targets for hacking.)   
   > Can't say I disagree with them on PayPal and Venmo.    
   >    
   > I've had a PayPal account since they were giving them away with $5.    
   > At one time, they were actually a money market account, paying interest.    
   > They eventually realized they'd need to be bank in order to do what    
   > they were doing, and therefore they stopped paying interest on assets    
   > held with them.    
   >    
   > Those on-line pay services aren't really banks or brokerage houses.    
   > I would never use one as a vehcile for saving or storing money. When    
   > rates were at/near zero, it didn't matter. That's not the case    
   > anymore.    
   >    
   > I had a decent amount of money in my PayPal account, as it was the    
   > default place my StubHub sales went. I had a moment when I saw the    
   > balance, and quickly took action to move the money elsewhere. I am    
   > sure that many keep money in those account simply becuase of    
   > convenience.   
      
   Coincidentally, my new Senior MetroCard arrived this week (with the same    
   old photo). It's now harder to transfer money from the old one to the new one.   
      
   The letter says my Senior OMNY card will be sent some time in 2023.   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)