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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Mama Bear who wrote (79720)	4/16/2000 8:12:00 PM
From: robnhood	Read Replies (2) \| Respond to of 132070

Mama Bear,, Have you read what Noland thinks about money Market Funds on Prudent Bear? Up to their ears in risky mortgage backeds and quite subject to derivative explosions. Might be just BS, but he seems to back it up with pertinent facts. Or maybe I just don't understand him, but he did definitely point out that those with money in MM funds may not be nearly as safe as they think they are.

To: Mama Bear who wrote (79720)	4/16/2000 8:15:00 PM
From: Joan Osland Graffius	Respond to of 132070

Barb, You are correct. I was not exactly clear on my post. I think, and someone here can correct me, that when one owns a paper asset that is used for lending, it is in general called savings. Of course a money market fund is just that. I would also think that owning bonds or bond funds would also be defined as savings. Money market funds, bonds, bond funds are not FDIC insured and I do not know if the feds definition of savings must be FDIC insured or not. There maybe someone on this thread that could give us an exact definition of what the fed calls savings. Joan