Will the SIPC go bankrupt?

Discussion in 'Economics' started by crgarcia, Jan 30, 2009.

  1. First Lehman Bros
    Now Madoff.

    More firms will add to the list, for sure.

    Where to find financial info about the SIPC.
  2. Daal


    SIPC is too big to fail. Imagine what runs on brokerages would look like, we are talking about daily market crashes and total panic
  3. What about Madoff? $100,000 insured on each account was absolutely nothing, I doubt there was even a single account under $1,000,000
  4. Brandonf

    Brandonf ET Sponsor

    Yeah what Daal said, the SIPC is surely too big to fail.

    The FDIC has already, in effect, failed but we bailed it out. Surely we will have to do the same thing for the SIPC too. And, and, and.....
  5. It's not clear if they will receive $100k (cash), or $500k (securities).
  6. amherst23


    the whole madoff debacle and its impact on the investment biz is nicely chronicled at this site


    i found a lot of articles on the victims the impact on hedge funds the trustte etc