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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: orkrious who wrote (85342)8/20/2007 9:19:05 AM
From: zebra4o1  Read Replies (3) | Respond to of 110194
 
Opened ETrade this morning to find 'An Important Message to Customers' denying that there is any danger to accounts at ETrade. Amazing that they feel they have to reassure me that:

E*TRADE is a financially healthy organization.

E*TRADE has ample liquidity to manage its way through the current credit environment.

E*TRADE's business fundamentals are firmly on track.

E*TRADE continues to adhere to our strict discipline with respect to risk mitigation.



To: orkrious who wrote (85342)8/27/2007 2:05:36 PM
From: Logain Ablar  Respond to of 110194
 
I believe CFC's commercial paper problems led to it hitting the 11.5B credit line and also why BOA ponied up $2B. I saw one US Treasury Money Market Fund with over $1B of CFC commercial paper on 7/1/07. This represented 6.5% of the fund (it also had some Bear Stearns repos) and the fund is supposed to be 80% invested in US Treasury or US Treasury backed securities.

I have a question into the fund family now as to what gives as I didn't see 1 US Treasury and couldn't determine what might have been backed by the US Treasury.