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6-22-2009 9:20 AM
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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/e9f0e5f4-7bd6-4ee8-8b15-93fb73b42ed4/703CC3A1-FC31-423E-A731-38EC8B7000F6/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.parade.com/askmarilyn/archive/Banks-and-Brokerages.html" href="http://www.parade.com/askmarilyn/archive/Banks-and-Brokerages.html" style="font-size: 11px;">www.parade.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.parade.com/askmarilyn/archive/Banks-and-Brokerages.html"><DIV id="CB4-AList-headerCont"> <DIV class="header"> <DIV> <A href="http://www.parade.com/askmarilyn/">ASK MARILYN</A> </DIV> <DIV> <A href="http://www.parade.com/askmarilyn/askmarilyn-archive.html">ASK MARILYN ARCHIVE</A> </DIV> </DIV> </DIV></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.parade.com/askmarilyn/archive/Banks-and-Brokerages.html"><DIV class="sectionA"> <DIV class="date"> June 16, 2009 </DIV> <DIV></DIV> <DIV class="question"> Banks and Brokerages </DIV> <DIV class="answer"> <EM><DIV>K. Key of Moreno Valley, California, writes: </DIV> <BR /></EM> Marilyn: You published a letter from a woman who deposited $200,000 into a savings account at a bank and then had an investment counselor at that bank convince her to move the money into a "supposedly safe" stock account. (May 31, 2009) The stock account then fell in value to $139,000. This is an example of why I dislike the government's allowing savings banks to get into the stock-brokering business. Some people assume that the FDIC insurance on their savings accounts at banks also carries over to the banks' stock accounts, but the stocks are in fact uninsured. <STRONG> </STRONG> </DIV> <DIV> </DIV> </DIV></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;"> </td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/703CC3A1-FC31-423E-A731-38EC8B7000F6/blog/" title="blog or email this clip"><img src="http://content7.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>
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