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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (81336)	5/31/2000 10:19:00 PM
From: LLCF	Read Replies (1) of 132070

<There is nothing wrong with loaning money to Merrill if they put up Treasury collateral, but if you are loaning to this BBB (even after the huge bull market) borrower, you ought to get much more interest for your risk than what you get on overnight repos backed by Treasuries.> Yes, I hear you... although you are insured up to 1/2 million by SIPC and the next 14.5 million dollars by Aetna. I guess the fact that Aetna is involved should tell you something! If you buy T-Bills [or other securties] in an account with several million your risk to a Merrill default is essentially zero though right?? DAK

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