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

To: Knighty Tin who wrote (88288)	1/11/2001 2:52:01 PM
From: marginmike	Read Replies (1) \| Respond to of 132070

per acount, per broker?

To: Knighty Tin who wrote (88288)	1/11/2001 4:00:42 PM
From: S. maltophilia	Read Replies (2) \| Respond to of 132070

MB <Brokerages DEFINITELY have govt. insurance....> Not exactly, just as Fannie & Freddie are not exactly government entities: Though created by the Securities Investor Protection Act (15 U.S.C. §78aaa et seq., as amended), SIPC is neither a government agency nor a regulatory authority. It is a nonprofit, membership corporation, funded by its member securities broker-dealers. sipc.org <<it is better to be in a money market account than in cash, even if you get interest on the straight cash account. >> As long as you know what your MMF is investing in, as we've previously discussed. Neither SIPC nor anyone else will help when your MMF breaks the buck because of Tulip Funding or California utility commercial paper.