CNN story on Money Market Funds
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
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.
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!