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SA Banks - new Project for the establishment of the Corporation for Deposit Insurance (CODI)
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<blockquote data-quote="ron g" data-source="post: 1132731" data-attributes="member: 13653"><p>quite interesting. sounds ok in principle, but there is a part of me suspecting that this is just another revenue stream to be grabbed by government..</p><p></p><p>the pdf document does not say where the dif funds will be stored, or how they may be invested, or what level of reserves are required, etc..</p><p></p><p>as far as the 100k cap goes, there is a simple option for married folks - just make it a joint account, since the cap is 100k per person, you would qualify for 100k each as stated in the pdf document.</p><p></p><p>also take note of the exceptions to cover.</p><p></p><p>may be better to "invest" in crypto, with no guarantee, or oversight. or tooth futures - since the tooth fairy is quite reliable...</p></blockquote><p></p>
[QUOTE="ron g, post: 1132731, member: 13653"] quite interesting. sounds ok in principle, but there is a part of me suspecting that this is just another revenue stream to be grabbed by government.. the pdf document does not say where the dif funds will be stored, or how they may be invested, or what level of reserves are required, etc.. as far as the 100k cap goes, there is a simple option for married folks - just make it a joint account, since the cap is 100k per person, you would qualify for 100k each as stated in the pdf document. also take note of the exceptions to cover. may be better to "invest" in crypto, with no guarantee, or oversight. or tooth futures - since the tooth fairy is quite reliable... [/QUOTE]
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SA Banks - new Project for the establishment of the Corporation for Deposit Insurance (CODI)
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