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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: marginmike who wrote (178699)7/10/2002 11:40:27 AM
From: llwk7051@aol.com  Read Replies (2) of 436258
 
Mike, Bank trust departments can hold your stocks and cash and there is no risk if the bank fails. When Texas banks failed, the trusts were not hurt. As I recall, cash is backed up by treasuries each day and trust assets are not subject to creditors of bank. If you are interested, any good bank trust officer will give you details of how they work.
Robert
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