You would have a menu of sound investment choices-mutual funds, government bonds, bankcertificatesof deposit-but you could not speculate in Siberian diamond mines.
Some tax-policy specialists contend the provision artificially favors income in insurance policies over things like interest on bankcertificatesofdeposit.
Those averse to stock market risks, for instance, could have their money go into U.S. government bonds or government-insured bankcertificatesofdeposit.
The problem was that the bank never considered the idea that documents like certificatesofdeposit could be generated on a LaserJet printer without their knowledge.