Prudential pays interest on accounts currently held for about 10,000 beneficiaries, and makes money by investing the funds. The accounts provide limited, checkbook-like access and aren't federally insured. After Gates voiced concern about the insurance program -- saying the magazine's report was "news to me" -- Pentagon spokesman Geoff Morrell said Gates wasn't aware he was a member of the advisory group. |
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Sheila Samples is an Oklahoma writer and a former civilian US Army Public Information Officer. She is a Managing Editor for OpEd News, and a regular contributor for a variety of Internet sites.