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Err, does thi smean the Fed's actually run out of money and is asking Treasury for more?

I only contribute to get the maximum match myself. 401Ks are too limited and inflexible for my taste. 401ks loses any tax-based avantage if either: - Taxes in the future are higher than now (seems increasingly likely to me with balooning national debt and historically low tax rates) -...

Yes, they do, though they will not let people in on exactly how much.

After reading a bit more about this, it looks like customers in this money market fund are set to lose only about 3% of their capital. So nobody's going to go broke on this - but of course when some consider a money market account as basically similar, or as safe as, a bank account, it sure is...

Gosh I didn't expect things to unravel so fast, and so brutally... I did all the research, but this... My portfolio's up +22% in three days. It's just crazy.

Gold has awakened indeed. Frankly I didn't think gold had what it takes to move 11% in a single day. I was wrong. My hat is off to you, Awgee. My DGP's moving up faster than the gold miners even.

<a href="http://www.bloomberg.com/apps/news?pid=20601087&sid=aAj1pHOSthQA&refer=home">Reserve Primary Money Fund Falls Below $1 a Share</a> "Reserve Primary Fund became the first money-market fund in 14 years to expose investors to losses after writing off $785 million of debt issued by...

I don't think you'll lose it, and if you have to pay a fee and all I agree it's not worth the trouble to move it. As I said, it's more about the potential time and hassle if and when they fail than the actual loss.

Imho some people are being complacent here. Yes, in theory, the government will never let anyone lose money in a bank. It would be a catastrophe if it did. In theory the government should not have let Lehman brothers fail today... I think the risks of actual money loss even if...

Looks like I got my wish: <a href="http://www.reuters.com/article/goldMktRpt/idUST20268420080916">Gold falls 1 percent as safe-haven demand fades</a>

Just thought I'd offer a reminder if anyone out here somehow has more than 100K in WaMu accounts, that it would be preferrable to move funds out. Today the cost for WaMu to insure its 1-year senior CDs has ratcheted up to 66 points. That is 66 percent, not 66 basis points. It would cost...

I'm down to around a 4% allocation in gold, which is down from a gigantic leveraged 10X position I had earlier. Fortunately got most of that position unwound before the bulk of the gold crash. Still, fighting a 20% downtrend is not fun. Enough knife catching for me. I'll see what I'll do...