Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: jrhana who wrote (150340)	9/26/2008 11:51:16 AM
From: GraceZ	Read Replies (2) \| Respond to of 306849

Clearly Reserve is going to have to liquidate all its funds and it takes operating capital to do that. I had an insurance agent, who I really love, who was always reminding me that the first thing you need to ask when someone says something is "guaranteed" you need to ask "by whom". Reserve was not the first MMF to get into trouble, this crap has been falling out for the last six months. Its the first to break the buck because it didn't have a well heeled parent to quietly bail them out with a cash infusion like was done with the Credit Suisse and Putnam MMFs.