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To: patron_anejo_por_favor who wrote (28344)	10/14/2000 9:38:45 PM
From: Les H	Respond to of 436258

Sometimes Cheap is no Bargain nytimes.com

To: patron_anejo_por_favor who wrote (28344)	10/14/2000 10:29:44 PM
From: LLCF	Respond to of 436258

<"People don't have the slightest idea what's in their money market fund," said Bent."> This has certainly been true for many years... there have also been warnings for many years about the risk in MM funds not unlike the warnings about the overvalued stock market. Unfortunately like the boy who cried wolf, no one is listening anymore. MM defaults would be much sadder IMO because so many people have no clue and consider them risk free. DAK

To: patron_anejo_por_favor who wrote (28344)	10/14/2000 10:39:54 PM
From: Monty Lenard	Read Replies (1) \| Respond to of 436258

Fannie increased assets by more than $29 billion, only slightly below its record balance sheet expansion during 1998’s historic fourth quarter “reliquefication.” This is the part I just love. "RELIQUEFICATION" Monty

To: patron_anejo_por_favor who wrote (28344)	10/15/2000 9:08:28 PM
From: NOW	Read Replies (1) \| Respond to of 436258

Patron: know of any links to sites discussing relative strengths of MM funds: this leaves me unsettled as my retirement money is rather stuck in several including Janus

To: patron_anejo_por_favor who wrote (28344)	10/15/2000 9:24:52 PM
From: Earlie	Read Replies (1) \| Respond to of 436258

Patron: Well done in posting this. I wish it could be made into some form of "required reading". "The market is used mainly by banks and finance companies looking to take debt off their balance sheets" This whole business of securitizing the debts and wiping the balance sheet clean has been perfected to almost a science by the banks. Of course, it means that the risk has been passed on to "greater fools". There have already been some failures in this securitized trash. We watched it to see what would happen. The crazy banks made good on them, which of course kept the game going, but it also set up some "precedents" which I think will come back to crater them. Best, Earlie