03.13.23 SPECIAL EDITION - The Failure of Silicon Valley Bank
The Clark Howard Podcast
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What Happens When a Brokerage Fails?
When a brokerage fails, basically they engineer a takeover of the customer accounts. SIPC has its own coverage, but it has holes in it like Swiss cheese. Knowing that the stockholders will be wiped out is the most important thing for the American people to feel very differently about the banks now.
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