W2R
Moderator Emeritus
Bob Brinker had an interesting piece on his radio show this afteroon about Money Market accounts with substantial investments in Fannie Mae and Freddie Mac. He feels they could be impacted by the recent situations of these companies.
His opinion is that first things have to get worse. Then it has to become a political football, with some politicians saying to bail out the money market funds, and others not wanting to rescue the "fat cats" with money in these funds.
He advised the caller who had money in such a money market, that there is enough risk that he would move his money elsewhere.
Interesting take on the recent problems, and I am sure many here could add interesting and informative comments on this subject if they have not already in other threads.
His opinion is that first things have to get worse. Then it has to become a political football, with some politicians saying to bail out the money market funds, and others not wanting to rescue the "fat cats" with money in these funds.
He advised the caller who had money in such a money market, that there is enough risk that he would move his money elsewhere.
Interesting take on the recent problems, and I am sure many here could add interesting and informative comments on this subject if they have not already in other threads.