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To: IceShark who wrote (36412)	11/11/2000 1:12:32 PM
From: patron_anejo_por_favor	Read Replies (1) \| Respond to of 436258

<<Does anyone know exactly what sort of default recourse provisions which are in place on all that credit card debt that gets wrapped up and offloaded from the balance sheet?>> None, as I understand it. The risk is assumed by the numbnut buyers of all that crap. The bagholder....ERRR, MONEY MARKET fund....that bought 'em takes a hit that reduces the reported yield....down to the point where the yield is zero. Then they start to chew on the share value of the money market fund. If you've got a MM, beware suddenly declining yields....(what the hell, might as well move to a T-bill only fund now and beat the rush).