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CNN story on Money Market Funds

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Oct 28, 2007 3:03 pm

anonymous

Joined: 2005-09-29Offline

This story is now running on CNN and is posted on its website.  Be aware that a growing number of clients will likely start questioning the safety and make-up of money market funds and other vehicles that include subprime components or instruments imnpacted by same.

  http://www.cnn.com/video/#/video/us/2007/10/18/hunter.housing.decline.cnn    
Oct 29, 2007 1:43 am

Philo Kvetch

Joined: 2005-05-17Offline

We had this conversation with our clients a while back, and as a result, all were moved into insured money markets more than a year ago.

Oct 30, 2007 12:20 am

nestegg

Joined: 2007-06-14Offline

Thanks to the AGE Wachovia Bank Deposit I no longer have this to worry about! Yet my clients are still maign more interest then comperting Bank Deposits!