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Money Market Accounts

Posted on 9/19/08 at 11:46 am
Posted by PlanoPrivateer
Frisco, TX
Member since Jan 2004
2796 posts
Posted on 9/19/08 at 11:46 am
LINK

Does this mean my Fidelity and Vanguard Money Market Accounts are now "FDIC Like" insured?
Posted by Colonel Hapablap
Mostly Harmless
Member since Nov 2003
28791 posts
Posted on 9/19/08 at 11:52 am to
for 12 months, I think so.
Posted by Parliament
Member since Dec 2007
5787 posts
Posted on 9/19/08 at 12:24 pm to
AIG, risky bank loans, and now MMA's. Do you think I can get the fed.gov to guarantee my fantasy football picks?
This post was edited on 9/19/08 at 12:28 pm
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 9/19/08 at 12:33 pm to
CNBC said there is no limit on the MMAs, so you could throw a million in there if you wanted. Now banks are complaining they'll lose deposits. Some guy from thestreet.com also pointed out like 5 different names in the short-ban list that were either non-trading or non-financial and how haphazardly it was thrown together.
Posted by Colonel Hapablap
Mostly Harmless
Member since Nov 2003
28791 posts
Posted on 9/19/08 at 12:35 pm to
I'm thinking of bringing my spoiled food from the hurricane to the discount window and seeing if I can get a loan.
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 9/19/08 at 12:40 pm to
When you've got more than half of the people on CNBC saying how retarded of an idea this was, and how it will eventually come home to roost, you know shite is going to hit the fan soon. Jeff Macke from the Fast Money show (who usually appears to be a realist most of the time anyways) just said "I'm calling it a year." Well done SEC.
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