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

To: Sea Otter who wrote (147124)	9/16/2008 7:06:29 PM
From: CalculatedRisk	Respond to of 306849

If they break the buck, it will be huge news. I suppose they put on the freeze to try to figure out a way to keep the value at $1.00. This is a huge fund and people expect it to be essentially guaranteed.

To: Sea Otter who wrote (147124)	9/16/2008 8:14:05 PM
From: neolib	Read Replies (1) \| Respond to of 306849

A possible MMF failure at that size. That's huge news, no? The FED & Treasury need to start thinking "outside the box" here. Since the MMF is frozen, why not keep a run from happening on that by taking the MMF and making it the source of bridge loans to AIG. People who had their money in the MMF don't need it now anyway, and better to let confidence be restored rather than have a run on the bank. If enough MMF seize up, there will be plenty of sources for backstoping all the imploding IBs & insureres. Everybody wins!