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Pastimes : Where to hide your money as the world banking system collaps
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To: marginmike who wrote (2)1/5/2001 12:46:02 PM
From: LLCF  Read Replies (3) of 41
 
Brokered CD's [large houses will do this for you... put a hundo and 10 different banks = one million insured dollars]. Milken was brokering money out to all the S&L's who were buying his junk bonds because they were paying 1-3% more than other CD's in the nation. No one lost a dime... except the big stupid government with no eyes to see horses running until they all left the barn.

dAK
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