Gidney N Cloyd
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Fri Sep-19-08 09:51 AM
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| Money Market funds aren't (or weren't) insured? |
| hatrack
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Fri Sep-19-08 09:53 AM
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| 1. No, unless they were Treasury MM funds |
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Even then, it wasn't the funds themselves that were supported, but rather what they held - "full faith and credit" and all that.
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| ramapo
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Fri Sep-19-08 09:54 AM
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| 2. Only those from a bank |
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A bank money market acct is fdic protected. Your brokerage acct might (probably) has a non-fdic fund. Some are privately insured against loss but non guarantee that the value will always be dollar for dollar.
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| Gidney N Cloyd
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Fri Sep-19-08 10:10 AM
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| 4. Aha! Thanks. That makes sense now. |
| WCGreen
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Fri Sep-19-08 09:54 AM
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| 3. Money Market are not run by banks or S&L's.. |
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They are funds used by brokers to have ready cash on hand...
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Thu Apr 18th 2024, 08:03 PM
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