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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: LLCF who wrote (183773)7/26/2002 12:42:00 PM
From: stan_hughes  Read Replies (1) of 436258
 
LLCF - Don't know that's it's ever been legally tested, but it shouldn't matter in practice. Barring defalcation (unlikely), considering the restrictions on what MMFs hold, you would need
(a) a horrendous concentration in a non-government defaulter or
(b) widespread unremedied government defaults
in order to generate any kind of a hit worth fretting about. And if the government goes down, I wouldn't sweat being compensated in dollars for losses in your MMF, I'd be in the hills cleaning my gun
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