Stanford Financial Blow-Up: What Will Happen to Investors' Money?

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Was the US-based part of the Stanford bank FDIC insured?

Was the US-based part of the Stanford bank FDIC insured? I have never seen any news about that.

seekinglemonade of CA @ Mar 06, 2009 16:08:03 PM

Stanford Fraud

It's not the fist time a Stanford Group company has been accused of fraud, see: http://arttheftcentral.blogspot.com .

Mark D of MA @ Feb 18, 2009 21:16:36 PM

Insurance ???

There allegedly was 8 billion invested in Stanford's Antigua bank.

* Antigua has a GDP of approximately 1 billion.

* Antigua is up to its eyeballs in debt to the IMF, World bank, etc.

*The three biggest industries in Antigua are:

1. Tourism

2. Remittances from Antiguans living abroad

3. Allen Stanford

Do the math.

Pellucid of NY @ Feb 18, 2009 13:29:35 PM

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New Money

Katy Marquardt, a senior editor at U.S.News & World Report, takes a contemporary look at happenings in the financial world and aims to help young investors get going with their portfolios--or just sound cool at cocktail parties. Have a question? E-mail Katy at newmoney@usnews.com

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