SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Ask Michael Burke
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: S. maltophilia who wrote (88304)1/11/2001 4:33:52 PM
From: Nadine Carroll  Read Replies (1) of 132070
 
Neither SIPC nor anyone else will help when your MMF breaks the buck because of Tulip Funding or California utility commercial paper

For a MMF to break the buck would be considered a market loss, would it not? So I can understand why SIPC won't help you there.

The question is, if your brokerage suffers a Barings-type disaster, or even just a general market crash, will you be able to redeem your holdings from them? How do you even go about gauging the answer to this?
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News