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To: DAVEY CROCKETT
Does anyone here know how much PENSION FUND money is tied up here? Looking for a real answer.

Tell your mother to put her IRA money in a Vanguard Treasury (backed) money market fund. I've heard those are pretty safe.

I don't know for sure, but I think they're talking about some of the fixed funds - the $1 a share type. And investment large pension funds invest in - might be derivatives. And those are toxic now. Does anyone know for sure?

498 posted on 09/28/2008 5:21:13 PM PDT by GOPJ (Kerry (on FOXSunday) said Paulson talked to Obama EVERY DAY for weeks about the crisis. ODD.)
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To: GOPJ

Thank You.

This is what I was thinking and it is the scary part...

And investment large pension funds invest in - might be derivatives. And those are toxic now.


775 posted on 09/28/2008 7:34:35 PM PDT by DAVEY CROCKETT
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