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Politics : Sioux Nation -- Ignore unavailable to you. Want to Upgrade?

To: T L Comiskey who wrote (128832)	3/3/2008 5:23:49 PM
From: Travis_Bickle	Read Replies (1) \| Respond to of 362386

Even the folks at BlackRock (BLK, news, msgs), widely regarded to be one of the smartest institutions in the world, announced last week that its BlackRock Cash Strategies Fund would stop allowing redemptions after it had lost half of its customers in the wake of a downgrade to "junk" status by Moody's. ========= Blackrock's muni ETFs have been particularly hard hit recently, but they own what they own and are separate legal entities from Blackrock (i.e. they are bankruptcy remote), much more diverse investments than the Pimco fund I mentioned yesterday that was heavily into tobacco settlements. I'm moving funds from money market to muni ETFs, higher yield and tax free. Looking at ones that have no more than 3% in any one issue. The muni ETFs tend to pay divies monthly which is nice.