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Re: detearing post# 7898

Tuesday, 04/21/2009 4:18:17 PM

Tuesday, April 21, 2009 4:18:17 PM

Post# of 9399
And Millard thought it's money would be safe in a segregaed account.

Segregated Accounts - Many people mistakenly believe that if a QI separates (segregates) their depositors’ proceeds into individual bank accounts rather than co-mingle it in one account that it will help to protect the depositor. This is a myth. Regardless of FDIC protection, separate accounts do not protect depositors from QI failure, malfeasance or bankruptcy.


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