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Reply #9: I DO have it in an FDIC insured Commercial MMF...at low rate...that was the point of my post! [View All]

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KoKo Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-21-08 09:11 PM
Response to Reply #4
9. I DO have it in an FDIC insured Commercial MMF...at low rate...that was the point of my post!
Edited on Sun Sep-21-08 09:12 PM by KoKo01
:eyes: It was those "high rollers" who put there stuff in "UNINSURED MONEY MARKETS" for a Higher Risk (NON-Insured) Money Market account that Paulson wants to now put under the FDIC INSURED UMBRELLA!

I could have invested RISKY and NOW would be BAILED OUT! with Paulson's proposal... That's the point of my post. I didn't take risk and lost return on my hard cash...Risk Investors got high returns with no FDIC Insurance...but Paulson now makes their investment the same as mine by allowing them to get the FDIC to BAIL THEM OUT! :puke: I lost money while these folks MAKE MONEY because Paulson is giving them what I sacrificed to make a paltery 2.5% while they were making 7% and above on RISK that was NOT FDIC INSURED!
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