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rockysan99
ParticipantIt is big to the $109 million worth of Net Bank deposits over the FDIC limit.
ParticipantHere is some food for thought…
“Unlike bank accounts, money market funds aren’t insured by the federal government. They almost never fail.
Unbeknownst to most investors, some of the largest money market funds today are putting part of their cash into one of the riskiest debt investments in the world: collateralized debt obligations backed by subprime mortgage loans.”
ParticipantHere is some food for thought…
“Unlike bank accounts, money market funds aren’t insured by the federal government. They almost never fail.
Unbeknownst to most investors, some of the largest money market funds today are putting part of their cash into one of the riskiest debt investments in the world: collateralized debt obligations backed by subprime mortgage loans.”
Participanthttp://www.forbes.com/feeds/ap/2007/09/28/ap4168581.htmlys
“NetBank had $109 million in deposit accounts that exceeded the FDIC limit. Those customers will become creditors in NetBank’s receivership, the FDIC said
ParticipantNeighborhoods Considering: Mequite, NV
Condo/House: House on the Golf Course
Price Range: waiting for them to be $170-270K
Size Range: 1600-2000sqft
Currently (Rent/Own): Rent
Shopping the Market?: Nope.ParticipantNeighborhoods Considering: Mequite, NV
Condo/House: House on the Golf Course
Price Range: waiting for them to be $170-270K
Size Range: 1600-2000sqft
Currently (Rent/Own): Rent
Shopping the Market?: Nope.ParticipantRich, you’re all over it, Bruddah!
ParticipantRich, you’re all over it, Bruddah!
ParticipantWhat a tool. Republicans? Utter B.S. Stick to housing and keep your silly “tory” rants and observations to yourself, wot?
ParticipantWhat a tool. Republicans? Utter B.S. Stick to housing and keep your silly “tory” rants and observations to yourself, wot?
ParticipantDoes anyone have any data on the new Shea Homes in Carmel Mountain Ranch? They are called Cypress Greens. How are they faring?
ParticipantDoes anyone have any data on the new Shea Homes in Carmel Mountain Ranch? They are called Cypress Greens. How are they faring?
ParticipantSorry Rustico. My apologies
I didnt know about the previous stuff. I am really worried about this hedge fund stuff. Even tho I’m short the insurers (ABK and MBI) I have reservations about a serious meltdown. It appears serious enough that Merrill avoided dumping those CDOs on the open market for fear of causing a panic. Still, Moody’s was forced today to revalue and there will be more. Brookstreet went under, and although they are only a tiny blip it still speaks volumes as to the precariousness of the situation at handParticipantSorry Rustico. My apologies
I didnt know about the previous stuff. I am really worried about this hedge fund stuff. Even tho I’m short the insurers (ABK and MBI) I have reservations about a serious meltdown. It appears serious enough that Merrill avoided dumping those CDOs on the open market for fear of causing a panic. Still, Moody’s was forced today to revalue and there will be more. Brookstreet went under, and although they are only a tiny blip it still speaks volumes as to the precariousness of the situation at hand -
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