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Non-Cattle Specific Topics
Every Thing Else Board
Fed cuts funds rate 75 basis points
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<blockquote data-quote="TexasBred" data-source="post: 516357" data-attributes="member: 6897"><p>If they lost actualy deposited money they failed to ensure that these accounts were set up in such a way as to always be insured by what was then the FSLIC .... most investors lost their life savings, largely because they held securities backed by the parent company of Lincoln Savings rather than deposits in the federally insured institution, a distinction apparently lost on many until it was too late.</p></blockquote><p></p>
[QUOTE="TexasBred, post: 516357, member: 6897"] If they lost actualy deposited money they failed to ensure that these accounts were set up in such a way as to always be insured by what was then the FSLIC .... most investors lost their life savings, largely because they held securities backed by the parent company of Lincoln Savings rather than deposits in the federally insured institution, a distinction apparently lost on many until it was too late. [/QUOTE]
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Fed cuts funds rate 75 basis points
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