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Money and Finances
Reply to "Is a credit union safer than bank? Safer than vanguard?"
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[quote=Anonymous]An extension of that is that mutual funds, even money market mutual funds you get at a brokerage like Fidelity or Vanguard, don’t have deposit insurance but they also don’t need it. Those companies take your money and buy treasuries and short term bonds on your behalf with it, they don’t loan out 10x as much as you give them for mortgages and car notes.[/quote]
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