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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: CalculatedRisk who wrote (85213)	8/14/2007 12:47:31 PM
From: MulhollandDrive	Read Replies (1) \| Respond to of 306849

ooops..... another one bites the dust?

To: CalculatedRisk who wrote (85213)	8/14/2007 12:52:15 PM
From: Tradelite	Read Replies (1) \| Respond to of 306849

<<"The CFTC has no authority in this area," the CFTC official, who asked not to be identified, told Reuters. "This isn't something we do.>> I thought something was rather strange about the way that situation is being handled and wondered why a government agency would get involved. The fine print of every prospectus I've ever had from a mutual fund company states clearly that the fund has the right to halt or limit redemptions at any time it deems necessary to protect the fund's assets and the other fund participants. No sense letting one small crowd of nervous investors bring down the house for the others--or did I miss something?