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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: freelyhovering who wrote (84651)	9/15/2008 6:40:53 PM
From: Lane3	Respond to of 541308

I feel sorry for them, too. OTOH, I have a ninety-something aunt who is borderline retarded and she knows to keep her money in the bank.

To: freelyhovering who wrote (84651)	9/15/2008 8:35:47 PM
From: JohnM	Read Replies (1) \| Respond to of 541308

Vanguard was holding lots of Lehman Bonds as safe investments for seniors. fh, do you have a link for that claim. Because I have some money with Vanguard, none in their bond funds, I receive weekly and monthly updates from a newsletter that tracks Vanguard. The weekly report this evening, which usually comes on Thursdays but, for obvious reasons, had a Monday supplement this week, had the following paragraph. Short-Term Investment-Grade had 0.8% of assets in Lehman bonds, Short-Term Bond Index had 0.5% of assets, Intermediate-Term Bond Index had 0.7%, Total Bond Market had 0.4% and Long-Term Bond Index had 0.5%. Intermediate-Term Investment-Grade was the most heavily invested in Lehman bonds with about 1% of assets in the paper. All told we’re talking about $530 million of Lehman paper out of something on the order of $450 billion in Vanguard’s bond assets. You can see more here: adviseronline.com