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Registered
Join Date: May 2002
Location: Saint Johns, Pennsylvania
Posts: 68
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True - PayPal isn't FDIC insured. They are not a bank. They hold their funds in four different bank accounts which are in fact insured. All this means is that if those banks are robbed or go under, PayPal has access to THEIR money... If PayPal goes under, all bets are off... History repeats iteself. Think any other dot-com's may fail ever again??? PayPal has even admitted that they are at a high risk of internal fraud and cannot guarantee 100% that the money they hold is safe...
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1960 Citroen 2CV
1973 Citroen SM (Sport Maserati)
1963 Alfa Romeo Giulia 1600cc Coupe - Euro
1974 Alfa Romeo Spider - Euro
1970 Mercedes 280 S
1980 Porsche ROW 911 Targa
2002 Chrysler PT Cruiser Limited (5 Speed)
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