money market accounts with CDOs, CLOs

Financial Planning - Financial planning in general. (Moderated) 

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Subject Author Date money market accounts with CDOs, CLOs Robert 08-14-2007
Posted by Robert on August 14, 2007, 8:21 am am reading this morning some very credible reports that large money market instruments are holding CDO, CLO and similar positions. these were bought to reach a target yield but now assets are being marked to less than par and redeeming funds will present problems. Wall Street has sold CDOs and CLOs to many public pension funds who are now attempting to reject those sales and asking to be paid par back to the funds. wonder how many 401k plans and large banks are in this mess and how long it will take for it to hit the news? employees of large corporations with money market and stable value type accounts may incur large losses Similar Threads Posted Money Market Funds October 7, 2006, 8:29 pm money market question May 7, 2007, 8:53 am money market or 6/12 month cd June 15, 2007, 9:49 am Tax on conversion of money market to Roth IRA? October 31, 2006, 3:49 pm is there a difference in money market accts? May 25, 2007, 1:50 pm does vanguard have money market funds June 10, 2007, 8:02 am Money-market fund insanity September 25, 2008, 2:05 pm Tax Exempt Money Market vs. Bond Fund May 31, 2007, 1:32 pm Moving Roth money from m-market into mutual funds February 15, 2008, 3:45 pm high yields on municipal money market funds September 25, 2008, 1:45 pm