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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: ild who wrote (61652)5/22/2006 7:42:03 PM
From: patron_anejo_por_favor  Read Replies (1) | Respond to of 110194
 
>>SIPC covers $500,000 per customer, including a maximum of $100,000 for cash claims.<<

That's what they say....but in the event of the kind of systemic risk we're talking about, their reserves won't come remotely close to covering claims. Of course, they can get around the problem if we hyperinflate, which would turn their liabilities into confetti......(along with everything else).



To: ild who wrote (61652)5/22/2006 7:49:09 PM
From: Perspective  Read Replies (2) | Respond to of 110194
 
Interactive brokers has worried me sick since they started offering those 8% 6-month notes. They don't say much about what they're used for, but I doubt they have to. My guess is that it's almost certainly for hedge fund loans.

So, if there's a big hedge fund implosion, IB could be out those loans pretty fast. I'm worried about the potential for that to drive them into bankruptcy.

Does anybody know a good way of determining the safety of brokerages?

BC


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