SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Politics for Pros- moderated
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Bridge Player who wrote (101592)2/22/2005 9:15:48 AM
From: Lane3  Read Replies (1) of 793755
 
That's some of the best financial CYA boiler plate that I've seen <g>.

As you suggest, CYA exists to limit liability. Giving a customer a statement of risks and asking that customer to attest that he understands the risks before investing should be enough to protect a corporation from liability in court. And enough to protect Uncle Sam, as an employer, from such liability.

But SS investments are in a different venue, a political one. Even if SS customers have no one but themselves to blame for their losses, there may be political pressure to make those customers whole. Failing that, there is the backup entitlement of the customer to welfare. In either case, the taxpayer may very well end up paying for the customer's mistakes. That's a risk that must be considered in planning this new program.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News