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Viewing 15 posts - 1 through 15 (of 49 total)
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  • August 14, 2007 at 9:56 AM #9856
    bsrsharma
    Participant

    Sentinel Money Market fund has halted withdrawals to prevent a run. These funds are not FDIC insured. Hence, investors have no recourse.

    If more Money Market funds experience liquidity crunch, that is going to cause quite a panic among Joe 6 Pack crowd compared to the Hedgies drying up.

    FDIC may be the sweetest sound of liquidity now.

    http://www.reuters.com/article/ousiv/idUSN1443148220070814

    August 14, 2007 at 10:27 AM #74940
    The-Shoveler
    Participant

    I think that if you are in Tax free Muni’s you should be OK,

    Anyone know more ???

    August 14, 2007 at 10:27 AM #75058
    The-Shoveler
    Participant

    I think that if you are in Tax free Muni’s you should be OK,

    Anyone know more ???

    August 14, 2007 at 10:27 AM #75064
    The-Shoveler
    Participant

    I think that if you are in Tax free Muni’s you should be OK,

    Anyone know more ???

    August 14, 2007 at 10:40 AM #74948
    Omega Point
    Participant

    I have a money market at The Reserve. Anyone know how safe this is?

    August 14, 2007 at 10:40 AM #75066
    Omega Point
    Participant

    I have a money market at The Reserve. Anyone know how safe this is?

    August 14, 2007 at 10:40 AM #75073
    Omega Point
    Participant

    I have a money market at The Reserve. Anyone know how safe this is?

    August 14, 2007 at 11:15 AM #74973
    AK
    Participant

    My understanding is that Sentinel is a money market fund for “the big boys,” e.g. commodities traders and funds, and not for Joe Zinfandel.

    I doubt the Fed would let even a small consumer money market fund go under, let alone an operation like Fidelity. But I could be wrong. Or it could simply be out of their hands.

    August 14, 2007 at 11:15 AM #75089
    AK
    Participant

    My understanding is that Sentinel is a money market fund for “the big boys,” e.g. commodities traders and funds, and not for Joe Zinfandel.

    I doubt the Fed would let even a small consumer money market fund go under, let alone an operation like Fidelity. But I could be wrong. Or it could simply be out of their hands.

    August 14, 2007 at 11:15 AM #75097
    AK
    Participant

    My understanding is that Sentinel is a money market fund for “the big boys,” e.g. commodities traders and funds, and not for Joe Zinfandel.

    I doubt the Fed would let even a small consumer money market fund go under, let alone an operation like Fidelity. But I could be wrong. Or it could simply be out of their hands.

    August 14, 2007 at 11:20 AM #74979
    drunkle
    Participant

    jesus, money markets are supposed to be the safest bet…

    so where to park your 401k then?

    August 14, 2007 at 11:20 AM #75095
    drunkle
    Participant

    jesus, money markets are supposed to be the safest bet…

    so where to park your 401k then?

    August 14, 2007 at 11:20 AM #75103
    drunkle
    Participant

    jesus, money markets are supposed to be the safest bet…

    so where to park your 401k then?

    August 14, 2007 at 11:26 AM #74992
    Diego Mamani
    Participant

    …a money market fund for "the big boys," e.g. commodities traders and funds, and not for Joe Zinfandel.

    Joe Z.

    LOLROTFSTC!

     

     

    August 14, 2007 at 11:26 AM #75107
    Diego Mamani
    Participant

    …a money market fund for "the big boys," e.g. commodities traders and funds, and not for Joe Zinfandel.

    Joe Z.

    LOLROTFSTC!

     

     

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