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To: E. Pluribus Unum

I realize people have lost everything because they trusted brokers or they were in a fund that went defunct. I thought the cash portion of my individual brokerage account is about as safe as it gets.


48 posted on 08/27/2014 1:41:06 PM PDT by grania
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To: grania
I thought the cash portion of my individual brokerage account is about as safe as it gets.

It's a money market fund, right?

It's not FDIC insured, not that FDIC will be able to cover very much once the "bank holidays" start.

49 posted on 08/27/2014 1:44:01 PM PDT by E. Pluribus Unum ("The man who damns money obtained it dishonorably; the man who respects it earned it." --Ayn Rand)
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