Category Archives: FDIC & SIPC Insolvent

The FDIC & SIPC are insolvent, so how are they going to pay you back after banks or your brokerage fails in the next economic crisis?

Are Brokerage Accounts Safe?

Posted on April 22, 2014 by

James Stewart. December 9, 2011 A Risk Once Unthinkable. New York Times. Are customer accounts at brokerage firms safe? SIPC will replace up to $500,000 of securities and cash (but not futures contracts) missing from customer accounts at member firms. … Continue reading →

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Wall Street Journal FDIC Faces Balancing Act in Replenishing Its Coffers

Posted on February 27, 2014 by

FDIC Faces Balancing Act in Replenishing Its Coffers August 21, 2008.  Wall Street Journal. As financial institutions continue to fail, the Federal Deposit Insurance Corp. is under pressure to decide how to replenish the fund that insures consumer deposits. The … Continue reading →

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Your Money is not Safe in an FDIC Insured Bank Account

Posted on February 27, 2014 by

Below are 3 articles about why the FDIC can’t actually protect your money at banks Ellen Brown. July 5, 2013 Think Your Money is Safe in an Insured Bank Account? Think Again. A trend to shift responsibility for bank losses … Continue reading →

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