ST Alpha - "not quite, they'll hire a bank (or group of banks) to be responsible for setting up the accounts and distributing the funds." (Reading a Post)

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not quite, they'll hire a bank (or group of banks) to be responsible for setting up the accounts and distributing the funds.

Posted by znufrii Feb 14 '11, 05:43

so the banks sit on the money, and get the interest, and Uncle Sam probably gets a nice upfront fee, as well as saving a bundle on printing costs.

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