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To: energyplay who wrote (21082)	8/11/2007 7:43:24 PM
From: Slagle	Respond to of 218262

Energyplay, I already did that, the MM fund I was in (and for the risk I got barely a quarter point more yield) could have as much as 80% "commercial paper" which I suppose could be anything. On the other board I told you about the discussion continued: Another poster, a hedge fund manager disputed the bond guy and said that a "real" MM fund could never go to zero. Here are the rules: sec.gov He said that the Refco sweep fund was probably not a real MM fund but a "commercial paper program" of some sort, and an "offshore" one at that. But he also said that the rumor was that at the time Jimmy Rogers may have lost HALF HIS WHOLE NET WORTH in this Refco collapse. Also, the general consensus was that NOW many of the sweep accounts of the investment banks may not be safe and could be prone to failure in the event of some future problem, derivative or otherwise. Imagine what a tidal wave of problems that could cause. Slagle