I moved my Association's funds into a Treasury Fund almost one year ago.Lousy yield but no real credit risk.
“Just make sure your Money Market is bullet proof.”
Currently the us govt has guaranteed all money market funds until 12-31-09.
Of course, the big O could reverse that.
And there is an incredible amount of risky paper in most money market funds which is why the govt guaranteed them to stop a run on them last fall.