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To: pater tenebrarum who wrote (105661)5/30/2001 8:25:38 PM
From: benwood  Read Replies (1) | Respond to of 436258
 
Just wondering, but does anybody think money market funds could prove to be a bad place to have cash parked? I read on the MB thread a few months ago about how some brokerages were able somehow to borrow from their own money market funds. Never learned who's doing it, but I seem to recall some liquidations of market makers and others after the crash in '87 and wondered if my credit union would be a safer place in light of that possibility. My CU pays 3.5% and my Waterhouse MM is only 3.96% now, so the difference isn't particularly great any longer (thanks Greenie).