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Re: The Day Has Arrived: As Of Today Prime Money Markets Can Suspend Withdrawals - Here Are The Implications 

By: Zimbler0 in POPE IV | Recommend this post (1)
Sat, 15 Oct 16 9:36 AM | 56 view(s)
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Msg. 12192 of 47202
(This msg. is a reply to 12170 by micro1)

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As I tried to tell you . .
The fukkkedd up federal government has decreed that
'cash assets' MUST invested in treasuries . . .

Which is why I moved most of the cash in my brokerage
into a municipal bond fund, and most of the cash in
my 401K into stock and bond funds.

Zim.




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Mad Poet Strikes Again.




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The above is a reply to the following message:
The Day Has Arrived: As Of Today Prime Money Markets Can Suspend Withdrawals - Here Are The Implications
By: micro1
in POPE IV
Sat, 15 Oct 16 7:07 AM
Msg. 12170 of 47202

The big day has finally arrived: starting today, many prime money market mutual funds (those that invest in non-government issued assets such as short-term corporate and municipal debt) to float their net asset value. More importantly, these prime MMFs are allowed to delay client withdrawals under adverse market conditions.

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