Gary D. Silcox, CFF
Certified Financial Fiduciary®
Learn How to Stop Worrying About a Stock Market Crash
Although few depositors realize it, legally the bank owns a depositor’s funds as soon as they are put in the bank. Our money becomes the bank’s, and we become unsecured creditors holding IOUs or promises to pay.
This alone is reason to reposition assets as fast as possible
Although few depositors realize it, legally the bank owns a depositor’s funds as soon as they are put in the bank. Our money becomes the bank’s, and we become unsecured creditors holding IOUs or promises to pay.
This alone is reason to reposition assets as fast as possible