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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: LLCF who wrote (183773)7/26/2002 12:55:12 PM
From: stan_hughes   of 436258
 
LLCF - Here's a blurb on MER's product. Take note:

"Account protection for the full net equity account value in excess of Securities Investor Protection Corporation2 (SIPC) limits for cash and securities held by Merrill Lynch, including all CMA money market funds"

but that is subject to the following disclaimer

"Investments in the money market funds are not insured or guaranteed by the FDIC or any other government agency. Although the funds seek to preserve the value at $1 per share, it is possible to lose money by investing in the funds"

My other comments about the practicalities of eating losses on MMFs still stands

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