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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: patron_anejo_por_favor who wrote (149984)2/7/2002 8:58:26 PM
From: Joan Osland Graffius  Read Replies (1) of 436258
 
patron. >>Depositors there will do OK, as long as they kept it under 100K.

If and only if they do not have FDIC insured assets elsewhere. The insurer will check all FDIC insured assets one owns at all institutions using your social security number and you are only allowed to keep $100,000 total.

Agree with your take on money market funds ... one of these days an institution will not be able to cover the losses from debts in the money market fund and guess what par will be - less than $1.00. When that happens gold will go through the roof. <ggg>

Joan
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