Re: this is what happens when you chase a yield
?? This wasn't a hedge fund that went belly-up, it was a bank. He was parking his cash in a savings account, not chasing a rate.
I come from a working class family and really feel for this guy, but it is his responsibility to know how much of his money is insured. I'm not sure why you lay into hedge funds here, they don't seem to be a part of the equation at all.
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