Slate Money Criminals: Bernie Madoff
Slate Money
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The Tragic Story of Bernie Sanders and the SIPC
"This is a cautionary tale for people that they should be very cautious about where they put their money," he says. "Wall Street is not your friend, you know, unlike the retirement commercials." The SIPC famously failed to ensure that accounts are made off in MF Global and other failures of security firms. Schwab's guarantee: They will cover your securities beyond the SIPC limit of more than half a million dollars.
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