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Started By
Message
re: Emergency Fund
Posted on 3/19/14 at 12:32 pm to Ace Midnight
Posted on 3/19/14 at 12:32 pm to Ace Midnight
quote:
the only thing that leans against that is some crippling financial crisis that affects the brokerage accounts (or freezes them) but doesn't affect FDIC accounts
Correct me if I'm wrong, but Brokerage accounts are also insured up to a $$$ amount...
So I highly doubt those would be frozen and FDIC insured account wouldn't
1
Posted on 3/19/14 at 2:32 pm to Lsut81
quote:
Correct me if I'm wrong, but Brokerage accounts are also insured up to a $$$ amount...
I don't think stocks, bonds and mutual funds are insured - maybe if your brokerage buys your CDs - those might qualify.
quote:
So I highly doubt those would be frozen and FDIC insured account wouldn't
You can't envision a situation where the trading floor and brokerage accounts are frozen, but ordinary deposit accounts remain active (for a while - no question a run will shut them down, too)? I agree that it appears unlikely, but certainly not unimaginable.
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