I think my IRA would be protected by SIPC; but don’t want to test it! In case of massive failure, I don’t know how well SIPC can hold up. At least FDIC is taxpayer backed.
Asked where my friend where he saw Wamu. Said he saw it going to a dollar. Put wachovia and a few other large banks in the same mix. Has called the entire financial system a Legalized Ponzi Scheme. His words not mine. He has been very accurate with his calls. Guess it helps when you are seeing first hand what institutional investors are willing to pay for debt.
Asked where my friend where he saw Wamu. Said he saw it going to a dollar. Put wachovia and a few other large banks in the same mix. Has called the entire financial system a Legalized Ponzi Scheme. His words not mine. He has been very accurate with his calls. Guess it helps when you are seeing first hand what institutional investors are willing to pay for debt.
Asked where my friend where he saw Wamu. Said he saw it going to a dollar. Put wachovia and a few other large banks in the same mix. Has called the entire financial system a Legalized Ponzi Scheme. His words not mine. He has been very accurate with his calls. Guess it helps when you are seeing first hand what institutional investors are willing to pay for debt.
Asked where my friend where he saw Wamu. Said he saw it going to a dollar. Put wachovia and a few other large banks in the same mix. Has called the entire financial system a Legalized Ponzi Scheme. His words not mine. He has been very accurate with his calls. Guess it helps when you are seeing first hand what institutional investors are willing to pay for debt.
Asked where my friend where he saw Wamu. Said he saw it going to a dollar. Put wachovia and a few other large banks in the same mix. Has called the entire financial system a Legalized Ponzi Scheme. His words not mine. He has been very accurate with his calls. Guess it helps when you are seeing first hand what institutional investors are willing to pay for debt.
