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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: PaperChase who wrote (32028)	9/1/1998 8:41:00 PM
From: Tommaso	Read Replies (2) \| Respond to of 132070

I have been hearing that rumor for a year or two about mutual funds with credit lines to fund redemptions. Is there any definite evidence that such credit lines exist? I would think that it would violate some SEC rule. I have never seen a prospectus of a fund that allowed this--though I have not examined very many. Hard evidence, anyone? Given all the other absurdities in the extension of credit, I would not be surprised that it was true. Just one of those things that people say without documenting it.