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Moderator: Global Moderator
Re: Treasury Direct Risk
Is this unique to Treasury Direct?Clive wrote: I'm a UK resident, so have no experience of Treasury Direct myself, but on seeing the following Bogleheads thread I thought it best to highlight a potential risk here.
http://www.bogleheads.org/forum/viewtop ... 10&t=87934
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Re: Treasury Direct Risk
A private brokerage usually has insurance coverage to handle account theft, etc. and more liberal policies in dealing with stolen credentials. The problem with dealing with the US Government is they have sovereign immunity against just about everything they do.
Re: Treasury Direct Risk
Not to say it couldn't be done, but it certainly wouldn't be easy for someone to steal money out of TreasuryDirect. I mean, it's not even easy to get actual Treasuries out of TreasuryDirect when you have your password. 
Nothing I say should be construed as advice or expertise. I am only sharing opinions which may or may not be applicable in any given case.