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Subject:  Re: BoA CD Date:  6/17/2011  12:40 PM
Author:  joelcorley Number:  32959 of 37017


You wrote, Ah, silly me, it's a bond, not a CD. I thought it was TGTBT, and even asked the guy at the bank who flags things for me but he assured me it was a CD. The guy in their brokerage department said so too, so it took his word for it. Oops, he just called back. It's a bond, of course.

There are bank-issued, FDIC-insured bonds trading. They were issued under the FDIC Temporary Liquidity Guarantee Program (TLGP). Your broker can screen specifically for them. All of these bonds are AAA rated and backed by the US government.

- Joel
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