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To: MulhollandDrive who wrote (82344)	2/19/2002 6:56:06 PM
From: Square_Dealings	Read Replies (2) \| Respond to of 116753

you think they are going to put out a press release? LOL You have my word on it. Get your name on some T-Bills and gold imo. M.

To: MulhollandDrive who wrote (82344)	2/20/2002 5:56:28 PM
From: long-gone	Read Replies (1) \| Respond to of 116753

February 14, 2002 Insurance and Nakedness By Tim Picks Market Ruminations Key qutoe: "Many money market funds are dropping default insurance because premiums have soared. USAA, Fidelity Investments, and Putnam Investments, have all dropped insurance. Vanguard and others are considering doing so. Those funds just got a lot riskier. One has to assume they weren't blowing the shareholders' money on insurance for no reason. Now it's no big deal? My personal belief is that the puny additional yield in money market funds is no longer worth the risk. If there are huge losses out there, they are likely to show up without warning. Take seriously the fact that money market funds are not federally insured. I will be keeping any uninvested funds in things that are federally insured or direct obligations of the US government. Because yields are so low (another unintended consequence of cramming interest rates down), many money funds are already absorbing expenses so investors don't take losses. There's the potential for funds to take additional risk to chase yield. We should also remember that money market funds are susceptible to the equivalent of bank runs. Obviously not in the sense that there are fractional reserves like at a bank, but in the sense that too many withdrawals could force funds to go bankrupt. Just because this has rarely happened before does not mean the risk isn't there. " fallstreet.com