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The Trust Banking segment deals with banking and securities trust businesses.
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THE SOCIAL Security trust fund is the black box of Social Security accounting.
First, they said, it could undermine the Social Security trust fund.
He says the Social Security trust fund is an "elaborate illusion cooked up by government magicians".
Of the $14.3 trillion, $4.6 trillion is held by other government accounts, like Social Security trust funds.
The Social Security trust fund is expected to be insolvent by 2041.
Current law requires that the Social Security trust fund consist entirely of United States Treasury securities.
Mr. Corzine advocates investing part of the Social Security trust fund in the stock market.
"How are you going to do it without using Medicare and Social Security trust funds?
That's twice the amount of rate of return that the current Social Security trust.
It would siphon money from the Medicare and Social Security trust funds, which the public opposes.
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