Replacement of stolen money, who give it back, does it ever come back,
2006-10-22 17:41:40 · 11 answers · asked by T 2 in Politics & Government ➔ Other - Politics & Government
All business is required to have insurance on their assets. That includes cash. So if someone robs you at work or the bank or anywhere else for that matter, the insurance company replaces the money.
2006-10-22 17:44:56 · answer #1 · answered by crystalyn129 3 · 1⤊ 0⤋
The FDIC is insurance to protect our deposits, and the bank.
Most stolen money, that is in bags have stain that is released after a short time. This makes it traceable, and makes the paper money worthless.
The government prints new money to replace the lost, or stolen $$.
2006-10-22 18:29:42 · answer #2 · answered by Schona 6 · 0⤊ 0⤋
the FDIC insures all bank accounts for up to $100,000. In addition, banks never have enough money to pay back all their customers at any one time. Banks make money by lending it to people with interest, so if everyone withdrew all their money from a bank, there wouldn't be enough to go around (which is what happened in the great depression)
2006-10-22 17:44:59 · answer #3 · answered by Jaques S 3 · 0⤊ 0⤋
Insurance
2006-10-22 17:43:38 · answer #4 · answered by Tim P 2 · 0⤊ 0⤋
Insurance companies; when the money is found or whatever is left of it, the insurance company takes care of that.
2006-10-22 17:44:22 · answer #5 · answered by Yacine B 3 · 0⤊ 0⤋
If a bank is FDIC insured (which most, if not all, are), then they get reimbursed by a Federal insurance company.
2006-10-22 17:44:21 · answer #6 · answered by amg503 7 · 1⤊ 0⤋
Dick Cheney in the basement of the White House... Chances are he stole it anyway.
2006-10-22 17:43:10 · answer #7 · answered by Anonymous · 2⤊ 0⤋
I don't think it comes back.. unless they have insurance or something..
wait.. I don't know.. :)
2006-10-22 17:42:56 · answer #8 · answered by Royale 3 · 0⤊ 1⤋
Insurance my friend..
2006-10-22 17:46:38 · answer #9 · answered by channille 3 · 0⤊ 0⤋
Isnt that why we have interests rates? ???
2006-10-22 17:44:44 · answer #10 · answered by Tiramisu 2 · 0⤊ 0⤋