The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: NOW who wrote (149206)	9/23/2008 1:24:21 AM
From: GraceZ	Read Replies (1) of 306849

i notice the fed did not give reserve the right to withhold fund withdrawals from all funds, just 2. I'm surprised that they are holding the Treasury Reserve MMF, it had no Lehman paper in it. It must have had a run on it as well. It was my understanding that they will hold your money for 7 days after a redemption request, the hold isn't indefinite and they will be giving you 96 cents on the dollar for the Prime Reserve MMF. I took a good look at half a dozen MMFs and all of them had Lehman paper. Unless those funds dumped Lehman paper between the last AR and the Lehman BK, they all took a hit on Lehman.

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