Clown-Free Zone... sorry, no clowns allowed Message Board

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

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To: Ken98 who wrote (149973)	2/7/2002 8:10:03 PM
From: patron_anejo_por_favor	Read Replies (2) of 436258

<<The U.S. Office of the Comptroller of the Currency on Thursday closed Phoenix, Arizona-based NextBank, owned by struggling online credit card pioneer NextCard Inc>> Depositors there will do OK, as long as they kept it under 100K. Since they're one of the first (of many) to go busto, they'll be near the front of the line to collect the FDIC check. It's probably time to start keeping a close eye on our money market funds, move to government-only funds and T-bills...this episode (along with the continued weakness in the BKX) should serve as a shot across the bow. Oh yeah, Bubble Boy was making the ink fly today: biz.yahoo.com biz.yahoo.com $12.5 billion in repos? Not a bad days work! (And even then he couldn't keep the market propped up...)

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