- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Emergency Fund
Posted on 3/19/14 at 3:01 pm to Lsut81
Posted on 3/19/14 at 3:01 pm to Lsut81
I guess I was aware of the SIPC - just not the specifics.
In any event - that doesn't necessarily protect in case of a global financial meltdown and freezing of brokerage transactions.
For that matter, FDIC, a government corporation, can't protect from dozens of bank failures.
In each case, they appear to protect invididuals against a single brokerage/bank failure.
I still believe that banks will be liquid longer - if only for a few hours - based on the cash on hand.
I also predict they come back up faster, in a crisis - I stand by my analysis - and maybe I should have argued for banks beyond the somewhat specious FDIC protection.
In any event - that doesn't necessarily protect in case of a global financial meltdown and freezing of brokerage transactions.
For that matter, FDIC, a government corporation, can't protect from dozens of bank failures.
In each case, they appear to protect invididuals against a single brokerage/bank failure.
I still believe that banks will be liquid longer - if only for a few hours - based on the cash on hand.
I also predict they come back up faster, in a crisis - I stand by my analysis - and maybe I should have argued for banks beyond the somewhat specious FDIC protection.
Popular
Back to top
Follow TigerDroppings for LSU Football News