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To: im a survivor who wrote (34751)3/13/2001 9:03:26 AM
From: bonnuss_in_austin  Read Replies (2) | Respond to of 35685
 
KG4: No. Nothing is insured except CDs up to/including $100K.

So you're saying that if you have $100K in cash in Fidelity's or Paine Webber's or whoever, they can lose it?

Has this ever happened before with brokers -- anybody know?

I'm searching the Fidelity site for 'footnotes,' etc on this and will give them a call.

'b-i-a'
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To: im a survivor who wrote (34751)3/13/2001 9:06:07 AM
From: Poet  Read Replies (1) | Respond to of 35685
 
Hi Keith,

Yep, that's about as far as I go in my knowledge. I think that there are lots of different kinds of money markets, some of which are Federally insured and some of which aren't. Also, I remember reading that the "safest" are government bond funds, which are both federally insured and have guaranteed interest rates. I just asked Allan's Alias to answer the question, since I'm unsure and I don't want to give out bad info on such an important question.

Our IRA's are cash and gold right now and I've thinking about doing this, so the correct answer is of great interest to me.