Chapter 40. State Guaranty laws
“If you want a guarantee, buy a toaster.” | ||
| --Clint Eastwood | ||
People who need people may be the luckiest people in the world, according to Barbra Streisand in Funny Girl. People who need guarantees as to the safety of their investments, however, often feel most comfortable when they invest in Treasury Bills and Notes (which are guaranteed by the federal government) or CDs (which are covered by the Federal Deposit Insurance Corporation (FDIC)). In the case of FDIC insurance, if the bank issuing your CD goes bankrupt, you are insured for up to $100,000. In the case of Treasury Bills and Notes, the only way you would not be paid back in full is if the federal government were to fall, in which case we all would have bigger ...
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