BK>  Snopes.com said the same thing about this I was thinking. The 
 BK> maximum liability under federal law is $50. If you report the 
 BK> theft the liability is zero.

that's what i was thinking, too...

 BK>  Taking a picture of the card doesn't get the number on the back 
 BK> you need to verify the card.

you do not always need that number on the back... i've probably only had to
use it maybe 10% of the time...

 BK>  Many banks advertise zero liability in any case.

yeah... if you don't get sucked into one of their loop holes that would let
them out of that and charge you anyway...

 BK>  Notice, not one of those cases where the person caught on
 BK>  immediately says the near victim reported it to the police. 

 BK>  Urban legend time.

i'm kinda leaning that way as well ;)

)\/(ark