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To: Roos_Girl

I have read other stories that put it on Sept. 18.


15 posted on 02/16/2009 6:56:53 PM PST by coloradan (The US has become a banana republic, except without the bananas - or the republic.)
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To: coloradan

To me, common sense would put it on Sept 18. Certainly he would remember if it was the 11th.


16 posted on 02/16/2009 7:01:12 PM PST by Roos_Girl (Help! Help! I'm being repressed!)
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To: coloradan

Who’s account did it come out of? Where did it go. It should be relatively easy to trace.

Did it just dissappear? Can it happen again?

Too many unanswered questions and no one seems to be trying to get answers.


17 posted on 02/16/2009 7:01:38 PM PST by Venturer
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To: coloradan

It WAS Sept. 18 and it was a direct result of the failure of Lehman Bros. on the 15th. That precipitated a Money Market Mutual fund to “break the buck” given their exposure to Lehman Bros. What followed was many institutional AND retail (average Joes) investors to simply MOVE out of one type of Money Market funds to a US Treasury Money Market fund comprised entirely of US Treasury securities.This is why in short order the yield on these short term US Treasury securities went close to zero,then slightly below zero yield. People were saying “I want return OF capital more than return on capital.”
Please know I am a devout conservative, deeply concerned about the current government and worried sick about our country’s future, but this was NOT an October surpirse OR George Soros or anything else malicious. It was simply a result of the mortgage meltdown and mortgage securities owned by Bear Stearns which failed in March and then Lehman Bros. Keep in mind at about the same time the government took over Fannie and Freddie and AIG.


19 posted on 02/16/2009 7:08:26 PM PST by bombthrower
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