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Politics : Welcome to Slider's Dugout

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From: RonMerks	3/25/2008 3:50:32 PM
	Read Replies (2) of 50671

Schwab Money Market Fund crashes. This should scare us more than Bear Stearns, or Lehman going broke. Where in the hell can we put our (paper) money for safety? A damn short term ultra-safe bond fund at SCHWAB? melts down. Investors THOUGHT they were in a ultra-safe short term bond fund. It's down 13% year to date. sfgate.com I know, I know- buy silver coins. The problem is- it's a bitch when you try to pay your mortgage with old silver dollars, or try to buy a used car for your grandaugheter with Kuggerands- it's just not practical. People can't even find a safe place to park cash in a 401K, IRA, or at the local bank. People think they're in safe money market funds- and the shit is levered to mortgage bonds that are going bust. Some 401k plans don't even have a damn safe place to park cash. There is a huge opportunity for anyone selling retirement packages to big companies to offer commodity, energy, metals, and pure short term treasury funds- without mortgage crap. Ron

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