96-Cent on the Dollar Money Market Fund

[Capricious]

Yeh, Reuters had it wrong apparently.

Darn liberal media again.

Regardless, there are still "stressed" money market funds
out there. We will hear about more.

Been watching for news on stable value funds, the usual
"safe harbor" option in 401K's.

 

[SHELLY]

94 cents on the dollar is a slot machine return.

Yeah, but you get free drinks! (Unlike some Open Houses & Auctions)




.

 

[SHELLY]

That's what I thought, but figured better safe than sorry!

Just make sure you keep your accounts under $100,000 individual and $100,000 (total) in joint.

When NetBank went under, there were a bunch of not-so-smart folks who ended up flushing their excess cash down the crapper.


.

 

[Capricious]

Have we been here before?

(we will be going there again. and again...)

http://tinyurl.com/yof24n


"Nov. 20 (Bloomberg) -- Federated Investors Inc., the third- largest manager of money-market accounts in the U.S., bailed out its Enhanced Reserve cash fund as declines in mortgage-backed securities caused the credit markets to seize up...."