Comments on: Some Money Market Funds are Insured http://www.consumerismcommentary.com/some-money-market-funds-are-insured/ A premier personal finance blog, established 2003. Within, Flexo discusses his own experiences with money, and he and other authors comment on a wide range of personal finance topics. Mon, 13 Feb 2012 01:22:47 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Yana http://www.consumerismcommentary.com/some-money-market-funds-are-insured/comment-page-1/#comment-190006 Yana Mon, 09 Mar 2009 09:29:26 +0000 http://www.consumerismcommentary.com/?p=5529#comment-190006 I'm surprised you didn't mention the latest on the FDIC - "Bill Seeks to Let FDIC Borrow up to $500 Billion" from the Wall Street Journal online. The FDIC doesn't have enough money to be insuring deposit accounts. This is scary. Obama recently said we shouldn't keep our money in our mattresses. Maybe not, but no bank is very safe. I'm in the process of making some changes myself, based on these factors: 1) A brokerage that also has a bank on the side is risky on two counts 2) The strongest bank is now known to be headed for trouble, but the one that is better today might be in the same position as the first next week 3) Credit unions aren't insured by the FDIC, but still by the government 4) I'm putting an enormous amount of faith in ING. I'm assuming they've had less exposure to the factors that brought on the crisis, they are growing in customers, and they pay more interest than anywhere else that I would consider using. Would love to hear what others are doing in response to the latest news. Sorry... forgot to say great post - can't wait to read your next one! I’m surprised you didn’t mention the latest on the FDIC – “Bill Seeks to Let FDIC Borrow up to $500 Billion” from the Wall Street Journal online. The FDIC doesn’t have enough money to be insuring deposit accounts. This is scary. Obama recently said we shouldn’t keep our money in our mattresses. Maybe not, but no bank is very safe. I’m in the process of making some changes myself, based on these factors:

1) A brokerage that also has a bank on the side is risky on two counts
2) The strongest bank is now known to be headed for trouble, but the one that is better today might be in the same position as the first next week
3) Credit unions aren’t insured by the FDIC, but still by the government
4) I’m putting an enormous amount of faith in ING. I’m assuming they’ve had less exposure to the factors that brought on the crisis, they are growing in customers, and they pay more interest than anywhere else that I would consider using.

Would love to hear what others are doing in response to the latest news.
Sorry… forgot to say great post – can’t wait to read your next one!

]]> By: Yana http://www.consumerismcommentary.com/some-money-market-funds-are-insured/comment-page-1/#comment-189990 Yana Sun, 08 Mar 2009 15:09:03 +0000 http://www.consumerismcommentary.com/?p=5529#comment-189990 I'm surprised you didn't mention the latest on the FDIC - "Bill Seeks to Let FDIC Borrow up to $500 Billion" from the Wall Street Journal online. The FDIC doesn't have enough money to be insuring deposit accounts. This is scary. Obama recently said we shouldn't keep our money in our mattresses. Maybe not, but no bank is very safe. I'm in the process of making some changes myself, based on these factors: 1) A brokerage that also has a bank on the side is risky on two counts 2) The strongest bank is now known to be headed for trouble, but the one that is better today might be in the same position as the first next week 3) Credit unions aren't insured by the FDIC, but still by the government 4) I'm putting an enormous amount of faith in ING. I'm assuming they've had less exposure to the factors that brought on the crisis, they are growing in customers, and they pay more interest than anywhere else that I would consider using. Would love to hear what others are doing in response to the latest news. I’m surprised you didn’t mention the latest on the FDIC – “Bill Seeks to Let FDIC Borrow up to $500 Billion” from the Wall Street Journal online. The FDIC doesn’t have enough money to be insuring deposit accounts. This is scary. Obama recently said we shouldn’t keep our money in our mattresses. Maybe not, but no bank is very safe. I’m in the process of making some changes myself, based on these factors:

1) A brokerage that also has a bank on the side is risky on two counts
2) The strongest bank is now known to be headed for trouble, but the one that is better today might be in the same position as the first next week
3) Credit unions aren’t insured by the FDIC, but still by the government
4) I’m putting an enormous amount of faith in ING. I’m assuming they’ve had less exposure to the factors that brought on the crisis, they are growing in customers, and they pay more interest than anywhere else that I would consider using.

Would love to hear what others are doing in response to the latest news.

]]>