“SIPC can only perform as long as only a few call upon it,and then only up to $100,000. SIPC will in my opinion be looking for a rescue, which it will get paying you in some form of non transferable paper maturing in 3 to 5 years when the financial community all falls down.”
This ‘non transferable paper’ is what I was referring to as a ‘chit’ or ‘voucher’
If you wanted access to the money prior to maturity you would only get a portion of your money – 70 cents on the dollar? who knows …
