How much trouble is Wachovia in

[Raybyrnes]

I am told from an institutional MBS person that they are going to a dollar. Closed my Position on Wamu based on his advise. Suggested that NEW century mortgage was caput 3 weeks before it collapsed. Reccommended ROSE at 15$ based on FPA capital’s Bob Rodriguez advice. It has steadily gone up. I would be less worried about my CD’s as opposed to if I had stock ownership.

[LA_Renter]

I have a money market fund that I use as checking with Wachovia, it was originally with Prudential. I know that CD’s are FDIC insured, I am a little unclear about a money market fund. Would this be a good time to make a move here? Anybody in the know.

[LA_Renter]

I have a money market fund that I use as checking with Wachovia, it was originally with Prudential. I know that CD’s are FDIC insured, I am a little unclear about a money market fund. Would this be a good time to make a move here? Anybody in the know.

[LA_Renter]

I have a money market fund that I use as checking with Wachovia, it was originally with Prudential. I know that CD’s are FDIC insured, I am a little unclear about a money market fund. Would this be a good time to make a move here? Anybody in the know.

[LA_Renter]

I have a money market fund that I use as checking with Wachovia, it was originally with Prudential. I know that CD’s are FDIC insured, I am a little unclear about a money market fund. Would this be a good time to make a move here? Anybody in the know.

[LA_Renter]

I have a money market fund that I use as checking with Wachovia, it was originally with Prudential. I know that CD’s are FDIC insured, I am a little unclear about a money market fund. Would this be a good time to make a move here? Anybody in the know.

[LA_Renter]

delete

[LA_Renter]

delete

[LA_Renter]

delete

[LA_Renter]

delete

[LA_Renter]

delete

[bsrsharma]

Unless stated so clearly, most money market funds are not FDIC insured. However, it may be covered by SIPC.

See http://www.sipc.org/how/covers.cfm

I think my IRA would be protected by SIPC; but don’t want to test it! In case of massive failure, I don’t know how well SIPC can hold up. At least FDIC is taxpayer backed.

[bsrsharma]

Unless stated so clearly, most money market funds are not FDIC insured. However, it may be covered by SIPC.

See http://www.sipc.org/how/covers.cfm

I think my IRA would be protected by SIPC; but don’t want to test it! In case of massive failure, I don’t know how well SIPC can hold up. At least FDIC is taxpayer backed.

[bsrsharma]

Unless stated so clearly, most money market funds are not FDIC insured. However, it may be covered by SIPC.

See http://www.sipc.org/how/covers.cfm

I think my IRA would be protected by SIPC; but don’t want to test it! In case of massive failure, I don’t know how well SIPC can hold up. At least FDIC is taxpayer backed.

[bsrsharma]

Unless stated so clearly, most money market funds are not FDIC insured. However, it may be covered by SIPC.

See http://www.sipc.org/how/covers.cfm

I think my IRA would be protected by SIPC; but don’t want to test it! In case of massive failure, I don’t know how well SIPC can hold up. At least FDIC is taxpayer backed.

[Author]

Posts