Someone please please tell me this is not correct. Reading this link, seem like one can de-crypted https traffic via fiddler. Does it mean if I am doing online banking via https, someone who can intercept this traffic can read my account and pin key information?
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Fiddler will act as a Man in the Middle, using its own SSL certificate, and thus triggering browser warnings. If you are suitably deterred by those warnings, nobody will snoop on your online banking sessions.

For more on how this works, you can read about public-key cryptography.