MMF falls below $1 NAV

Discussion in 'Wall St. News' started by turkeyneck, Sep 16, 2008.

  1. Sponger


    Wow, they just set the bar for other firms that hold Lehman debt due to the fact that the fund just wrote all of its Lehman cp and mtn holdings right down to zero - and if a money fund is that aggressively conversative in taking the immediate hit, other companies holding Lehman debt are going to have a very hard time making the case that their Lehman holdings are worth 60 cents on the dollar, 80 cents on the dollar, etc. Just food for thought...
  2. I wonder if US government bonds are really risk-free anymore. Now they have to rewrite all the finance text books on risk free instruments.
  3. nothing is risk free, not even cash

    get over it.

    you'll be dead eventually anyhow
  4. And the carnage on Main Street begins.

    tick-tock, tick-tock

  5. there will be no carnage. folks are too dumb to even feel the heat
  6. dhpar


    so there is something free of risk - ultimately...

  7. You are a moron... No carnage. LOL

    p-p-p-Paulson and the Pennsylvania Ave Problem Solvers just insured MMF's from breaking the buck.
  8. The bail out of MMF is enormous. While FDIC only assumes 100k liability for a bank account, it assumes ALL for an MMF accout!!! MMF is more secure than banks now. They should put a halt for new fund entering MMF.
  9. Its a goverment take over. Goverment owns you now.
    #10     Sep 19, 2008