From listening to audio about this yesterday regarding The Great Taking, the answer is absolutely “yes”.
I forgot that like how we are “lenders” to banks and not “depositors”, we also don’t own the stocks in our brokers’ accounts. They’re all backed by banks, so if banks go, they will too.
From listening to audio about this yesterday regarding The Great Taking, the answer is absolutely “yes”.
I forgot that like how we are “lenders” to banks and not “depositors”, we also don’t own the stocks in our brokers’ accounts. They’re all backed by banks, so if banks go, they will too.