SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: orkrious who wrote (85011)8/14/2007 11:08:31 AM
From: coug  Respond to of 110194
 
When that hit the CNBC as breaking news a few minutes ago, the market fell another 75.. Now talking about it..



To: orkrious who wrote (85011)8/14/2007 11:34:13 AM
From: Ken98  Read Replies (1) | Respond to of 110194
 
Some of names in one SCHW MM fund: Cancarra Asset Securisation LLC; Beethoven Funding Corp.; Cobbler Funding LLC; Grampion Funding; Windmill Funding. Totalling some $150M in just these names. Other equally opaque names, and laundry list of European banks, in this MM fund and others.



To: orkrious who wrote (85011)8/14/2007 2:09:24 PM
From: Wyätt Gwyön  Respond to of 110194
 
that's why i spell cash T-BILLS. i do hope the situation is not quite as dire as he makes it out. the MMFs do have some flexibility because they can just cut down on their exorbitant fees for a while.



To: orkrious who wrote (85011)8/14/2007 2:15:17 PM
From: benwood  Read Replies (2) | Respond to of 110194
 
I heeded the warnings of others here, probably Russ Winter among others, a couple years ago and shifted my MM "savings" into US Treasury-based funds to avoid the eventual fallout. Still... not all my retirement accounts gave me a place to hide.