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SamFarber
 
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Quote:
Originally Posted by pyramid View Post
He sounded pretty good until he got the part about FDIC insuring stocks. That's not how FDIC works.

https://www.fdic.gov/deposit/covered/

FDIC covers the banks who have invested the deposits in the market, maybe? If the market goes down they won't have the money to cover the deposits, right?
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Old 08-24-2014, 03:54 PM SamFarber is offline  
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