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

To: $Mogul who wrote (96822)	12/10/2007 11:24:23 AM
From: Travis_Bickle	Read Replies (1) \| Respond to of 306849

Wow ... run on the banks next?

To: $Mogul who wrote (96822)	12/10/2007 11:58:29 AM
From: Paul Kern	Read Replies (1) \| Respond to of 306849

Bank of America Freezes Institutional Investor Fund, CNBC Says By Chris Dolmetsch Dec. 10 (Bloomberg) -- Bank of America Corp. has frozen its Columbia Strategic Cash Portfolio fund, which is marketed to institutional investors and has about $12 billion in assets, financial news network CNBC reported, citing unidentified people in money management. Bank of America sent a letter saying that the company will no longer take subscriptions or redemptions as a ``direct result'' of the subprime-mortgage credit crisis, CNBC reported, citing the people. The fund, which isn't marketed to smaller retail investors, apparently had invested in some debt securities that are being affected by the crisis, CNBC said. To contact the reporter on this story: Chris Dolmetsch in New York at cdolmetsch@bloomberg.net . Last Updated: December 10, 2007 11:35 EST