Money Market fund halts withdrawals

[bsrsharma]

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

[The-Shoveler]

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

Anyone know more ???

[The-Shoveler]

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

Anyone know more ???

[The-Shoveler]

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

Anyone know more ???

[Omega Point]

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

[Omega Point]

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

[Omega Point]

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

[AK]

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.

[AK]

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.

[AK]

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.

[drunkle]

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

so where to park your 401k then?

[drunkle]

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

so where to park your 401k then?

[drunkle]

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

so where to park your 401k then?

[Diego Mamani]

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

Joe Z.

LOLROTFSTC!

 

 

[Diego Mamani]

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

Joe Z.

LOLROTFSTC!

 

 

[Author]

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