The perspective of the greed/lusting half-wits who continue to line their pockets at the expense of everything and everyone else, that's who. :eek:
Auction-rate securities generally paid higher yields than savings accounts or money-market funds, ..its not money market funds...only a select few people are effected.
so, only a select few are acutally affected, but am I wrong to think that this only adds to the growing sense that the house of cards is toppling?
http://online.wsj.com/article/SB120355353748481481.html?mod=sphere_ts&mod=sphere_wd heres a article of the select few,... yes the waves are hitting far inland.
makes one wonder what is next. Imelda sure does have the proverbial assload of shoes in that closet doesn't she??
It's only the beginning, the cuts are supposed to keep coming, and the other firms will have to follow suit. That is the current thinking. Use your head. Conrad and Muffy lose 30% in their money market accounts. Panic with upper crust retail investor. Of course the lawyers will pull out the prospectus and poke it with index fingers like so many race track touts poking their choices f or the daily double. People are scared. Credit dries up. Losses expand. Nobody spends. Yeah, this is small potatoes.