1. Rick Santelli sounding just like you right now. Something like. How many more MF's are out there and can we really trust the SEC and the rest of em?
2. Any comments on Questrade??? Thanks
3. Warren, I read today that, to date, MF Global customers have been made 72% whole. Does this jive with your personal experience?
4. Your current series of vdeos is a real service to your readership, Warren.  What strikes me is that even people with considerable legal training would miss the kind of implications that you are drawing out. Kudos.
5. no no no, there are three options trust me call them!. IRA's are automatically placed in Charles Schwab bank. I can choose money market but I kept the bank. Schwab Bank Sweep Feature (I can only post part of the statement) Charles Schwab Bank1 1Bank sweep accounts are held at the above-referenced FDIC-insured bank. Securities products and services (including unswept or intra-day cash, net credit or debit balances, and money market funds)
6. I'm glad you told us about Fidelity. One less fund family to worry about....
7. Schwab moves your cash into "SCHWAB1" money market. I park my excess funds into either SHY or SHV EFT bond fund for safekeeping. All brokerage house funds are risking in these enviroment.
8. Just started my paperwork to transfer out of Fidelity and move to Schwab. At least cash is cash there and in a bank account FDIC insured. Also Schwab lets you go to certificate form. Fidelity absolutely refuses. Had enough for there shiz I'm gone and not looking back.
9. YES... Fidelity is trying to block it. -- Zero Hedge discussed a month ago the disastrous prospects of what would happen if the new proposal contemplated by the SEC, which would allow the suspension of redemptions from Money Market Funds, were to pass. Well, in a nearly unanimous vote, Money Market Funds now have the ability to suspend redemptions, courtesy of the SEC's just passed 4-1 vote.
10. nice...
11. I would take 2nd place
12. Thanks for the follow up on MF Global story. I think value of any paper investment rely on confidence at this point and out of control of the regulators. Often I am thinking what is the problem to print money and guaranty all the risk assets ? Or say that they would print if you money get stolen by the broker. Where is the retail investor bail out?
13. Gettin' physical!!
14. Starting in 2010, I noted an absolute lack of any written response from US financial entities, and started to get stonewalled here in France also for petty issues just as withdrawing my money and closing out. The incompetence is just staggering. Even when I was licensed to sell mutual funds, I advised no one to go into them. I remembered in the '80s seeing them collapse, people lose everything, and 401k plans lose all the employees' funds. Yecch! Uprated.
15. Goldman to Buy Dwight Asset Management, the purchase "enables us to deliver more investment solutions to help defined-contribution plan participants preserve and grow their hard-earned retirement savings," said Eric S. Lane and Timothy J. O'Neill, co-heads of Goldman Sachs' investment management unit.
16. Thank you Warren
17. in other words if you understand how to invest they dont want your buisness
18. I got my money out..
19. they got limits on what u can withdraw from a bank in Italy
20. Sorry to be frivolous about an important topic, but should bank runs be included in the Olympics?
21. Can't they just suspend redemptions in such event? zerohedge: /article/suspending-money-market-redemptions-now-legel-sec-approves-new-money-market-regulation-4-1-v
22. Thanks Warren.

SEC Money Market to Throttle Withdrawals and Break a Buck

4.20 min. | 5.0 user rating | 1819 views

What is being hidden from customers now? Reuters "Fidelity customers sour on SEC proposals" is a propaganda-misstatement-falsity. Proposals would allow money market mutual fund values to float; another would force the staggering of withdrawals. This has the makings of a modern day run on the bank.. I have looked at the lack of quality in some money market mutual funds. This is a problem with all brokerage companies pegging funds to a dollar. If these funds are floating below a dollar now how are they being squared to a dollar in a hidden fashion without your knowledge. This squaring would mask risks in money market mutual funds. The astounding thing with Fidelity was their lack of response to a certified letter to clarify risk levels in my interests and their lack of response. This backhanded article is saying that clients of money market mutuals are balking; but it really should be refocused to tell the truth about investor the current management of funds in black box (private balance sheet) brokerage and money market mutual companies. Reuters misinformation piece - http://www.reuters.com/article/2012/02/07/us-fidelity-funds-idUSTRE81613T20120207 January Zero Hedge http://www.zerohedge.com/article/suspending-money-market-redemptions-now-legel-sec-approves-new-money-market-regulation-4-1-v
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