Taking money out of money markets?
2
So, the special insurance that the gov't gave for money market funds will expire - kinda like FDIC insurance. OOOPS!
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Edited to add: They did extend the insurance Until Sept 09 - but I still think we'll look at other options. I do think that I will refrain from posting anymore until I've had my caffeine in the am's.....
http://www.geldpress.com/2009/04/mon...ef=patrick.net
I don't really think either of those is worth much nowadays, but it did give me a small measure of piece of mind. Is anyone looking at pulling money out of money markets and putting it somewhere else because of this? Bank CD's, under the mattress?
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This really starts to feel like monetary musical chairs - I keep hoping we have a chair to sit down in, not sure how much longer we'll be in the game....
http://www.geldpress.com/2009/04/mon...ef=patrick.net
I don't really think either of those is worth much nowadays, but it did give me a small measure of piece of mind. Is anyone looking at pulling money out of money markets and putting it somewhere else because of this? Bank CD's, under the mattress?
This really starts to feel like monetary musical chairs - I keep hoping we have a chair to sit down in, not sure how much longer we'll be in the game....
