You have probably seen the Television ad. A young girl is given a bicycle set in a white painted rectangle that’s, say, 8 by 4 feet. Delighted the young girl happily sits on the bicycle and starts to ride. Barely getting started she is stopped at the white line. “That’s as far as you can ride” scolds an austere gentleman who we are given to understand is a banker. Stunned the young girl gazes at him, befuddled and sad. “Didn’t you read the fine print?” he sternly asks, “It says you can only ride the bicycle in a predetermined space.” Welcome to the world of the Securities Investor Protection Corporation (SIPC). Protection?
Read Raymond Learsy’s blog on Huffington Post here.
Sourced from: Madoff Help News & Assistance
