Common Sense Party
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Thu Jun-18-09 09:54 PM
Response to Original message |
| 2. Breaking the buck "rule" would be a bad idea. |
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I much prefer the SEC's idea of mandating higher quality holdings and having enough reserves of highly liquid notes and paper for emergencies. It will lower yields, but most momey market "investors" are looking for safety, not high yield.
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| -Administration Considers Breaking Buck-a-Share Rule for Money Funds |
question everything |
Jun-18-09 09:41 PM |
#0 |
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k and r Sounds good to me. |
Kdillard |
Jun-18-09 09:49 PM |
#1 |
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I'd be interested to know... What makes it sound good? |
Zenlitened |
Jun-18-09 11:01 PM |
#17 |
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Breaking the buck "rule" would be a bad idea. |
Common Sense Party |
Jun-18-09 09:54 PM |
#2 |
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It is, and I intend to tell the SEC and my (one) Senator |
question everything |
Jun-18-09 10:03 PM |
#5 |
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Correct me if I am wrong but wasn't the rule already broken and as the article states it caused a |
Kdillard |
Jun-18-09 10:05 PM |
#6 |
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No, it was never a "rule," it was an accepted, standard practice in |
Common Sense Party |
Jun-19-09 01:18 AM |
#24 |
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I don't understand it so I'm going to go with my knee |
Indenturedebtor |
Jun-19-09 02:31 AM |
#31 |
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Oh, yeah. Eliminate 401k savers' last hope of preserving capital. |
Zenlitened |
Jun-18-09 09:58 PM |
#3 |
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I am confused didn't a company already break this rule and they |
Kdillard |
Jun-18-09 10:01 PM |
#4 |
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One did. In response, the gov't created a guarantee program, similar to FDIC insurance. |
Zenlitened |
Jun-18-09 10:12 PM |
#7 |
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I don't like this proposal |
high density |
Jun-18-09 10:13 PM |
#8 |
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Worse yet, it seems like a way to relieve 401k savers of even more of their dough. -n/t |
Zenlitened |
Jun-18-09 10:15 PM |
#9 |
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Yeah you are correct about the idea of a money market fund but |
Kdillard |
Jun-18-09 10:29 PM |
#10 |
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One fund broke it. One failure does not make an "illusion." So far it is an outlier. |
high density |
Jun-18-09 10:39 PM |
#11 |
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Obviously more than one fund has broken the article doesn't say |
Kdillard |
Jun-18-09 10:47 PM |
#13 |
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Really... it's OK if people are critical of Obama admin. proposals. |
Zenlitened |
Jun-18-09 10:53 PM |
#14 |
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After you stop being rude. I have questions which you can answer or ignore try it. |
Kdillard |
Jun-18-09 10:56 PM |
#15 |
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Will these questions come before or after... |
Zenlitened |
Jun-18-09 11:00 PM |
#16 |
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How old are you because you seem to have the maturity level of a 2 year old? |
Kdillard |
Jun-18-09 11:04 PM |
#18 |
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And you have an opinion with no knowledge to support it. |
Zenlitened |
Jun-18-09 11:10 PM |
#19 |
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I expect an apology for being attacked for no reason. Short of that |
Kdillard |
Jun-18-09 11:19 PM |
#20 |
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No apology is forthcoming, but perhaps you'd care to acknowledge... |
Zenlitened |
Jun-18-09 11:26 PM |
#21 |
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You are insane good bye. |
Kdillard |
Jun-18-09 11:28 PM |
#22 |
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Well, at least you've refrained from immature name-calling. That's gotta feel good! |
Zenlitened |
Jun-18-09 11:31 PM |
#23 |
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Not to mention the fact that there's currently about $4 TRILLION |
Common Sense Party |
Jun-19-09 01:25 AM |
#26 |
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LOL! Nope, no panic. No freezes on redemptions. |
Zenlitened |
Jun-19-09 01:36 AM |
#28 |
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I'm not usually much of a herd guy. |
Common Sense Party |
Jun-19-09 01:46 AM |
#29 |
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Agreed. I know just enough to know... that I don't know enough. :) |
Zenlitened |
Jun-19-09 01:55 AM |
#30 |
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Sorry, you're right. Exactly two money market funds have broken the buck in the last 37 years |
high density |
Jun-19-09 08:11 AM |
#32 |
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"...we'll see what is the ultimate result" |
Zenlitened |
Jun-18-09 10:40 PM |
#12 |
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Again, it's not a "rule." It is, as you say, "illusory." It's built on trust. |
Common Sense Party |
Jun-19-09 01:29 AM |
#27 |
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Into bank accounts or into government issued notes and bills. |
Common Sense Party |
Jun-19-09 01:21 AM |
#25 |
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