Feb 27, 2009

Q-n-A # 13: Mr. Obama, Why Aren't Inestments Secured Like Bank Deposits?

Why the hell doesn't the government create a Federal Investment Insurance Corporation, like we have with bank deposits through the FDIC?
This doesn't mean protecting people from market ups and downs or bad decisions by investors. I am referring to money by legitimate investors that is defrauded from companies like Enron or individuals like Bernard Madoff?
Tell us President Obama, where is the security for the everyday average American investor?

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