[NoControllingLegalAuthority]

"We lost our life savings," said investor Joan Sinkin.

They only have their own greed to blame.

Banks and thrifts have guarantees to $250,000 per account per institution. This couple should have diversified their holdings to include safe investments.

THEY OPTED FOR HIGHER RETURNS and got burned.

[rollo tomasi]

Meanwhile, a federal judge on Monday threw a lifesaver to investors who may have been duped, saying they need the protection of a special government reserve fund set up to help investors at failed brokerage firms.

Seems the only ones that will get burned are the tax payer/future generations. "Free market", not really, more like a market made from monopoly money where "special people" are able to recoup their mistakes courtesy of the Fed. Reserve and our friendly public servants.