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It’s a racket. The brokers are exploiting the FDIC system’s insurance limits, and the public funds community should stand up and denounce the practice in exchange for getting unlimited ...

Rules currently proposed by the FDIC, however, stand to alter the definition of what constitutes a deposit broker and brokered deposits and potentially broaden the scope of the terms. If put into ...

Stand-alone CMA: The account is funded with your ... your cash might be invested in several partner banks, which also provide FDIC insurance for your funds. In other cases, your funds will be ...