Comments for Crane Data's Money Fund Blog http://cranedata.wordpress.com Informal Commentary from the Publisher of Money Fund Intelligence. Fri, 27 Nov 2009 09:31:17 +0000 http://wordpress.com/ hourly 1 Comment on Reserve Primary Fund Debacle Nears Resolution as Court OKs SEC Plan by Latast News! UK bookstore chain Borders UK appoints administrators, files for form of … – The Canadian Press | debt-free-2009.com http://cranedata.wordpress.com/2009/11/27/reserve-primary-fund-debacle-nears-resolution-as-court-oks-sec-plan/#comment-453 Latast News! UK bookstore chain Borders UK appoints administrators, files for form of … – The Canadian Press | debt-free-2009.com Fri, 27 Nov 2009 09:31:17 +0000 http://cranedata.wordpress.com/?p=101#comment-453 [...] Reserve Primary Fund Debacle Nears Resolution as Court OKs SEC … [...] [...] Reserve Primary Fund Debacle Nears Resolution as Court OKs SEC … [...]

]]> Comment on Doom and Gloomers Seize on False $550 Billion Number by Mike http://cranedata.wordpress.com/2009/02/11/doom-and-gloomers-seize-on-false-550-billion-number/#comment-385 Mike Sun, 01 Mar 2009 11:23:46 +0000 http://cranedata.wordpress.com/?p=79#comment-385 Just passing by.Btw, your website have great content! _________________________________ Making Money <a href="http://tinyurl.com/rich-quickly/1080695" rel="nofollow">$150 An Hour</a> Just passing by.Btw, your website have great content!

_________________________________
Making Money $150 An Hour

]]> Comment on Brokerages Wimp Out Again Caving to Auction-Rate Extortion by Jim Davis http://cranedata.wordpress.com/2008/08/16/brokerages-wimp-out-again-caving-to-auction-rate-extortion/#comment-380 Jim Davis Wed, 15 Oct 2008 21:35:57 +0000 http://cranedata.wordpress.com/?p=71#comment-380 You misrepresent the facts. Lack of liquidity when the banks stepped away is what caused most of the problem. Any ARP buyer knew that they could lose money if the underlying collapsed overnight. This was extremely unlikely. ARPS , especially CEF ARPS were sold with the implied ability to sell as needed. If that promise was not made, no one would have bought them. The banks lied. You misrepresent the facts. Lack of liquidity when the banks stepped away is what caused most of the problem.

Any ARP buyer knew that they could lose money if the underlying collapsed overnight. This was extremely unlikely.

ARPS , especially CEF ARPS were sold with the implied ability to sell as needed. If that promise was not made, no one would have bought them.

The banks lied.

]]> Comment on Fed Should Invest in Money Funds, Not CP by Fed Should Invest in Money Funds, Not CP | RSS Financial http://cranedata.wordpress.com/2008/10/12/fed-should-invest-in-money-funds-not-cp/#comment-374 Fed Should Invest in Money Funds, Not CP | RSS Financial Sun, 12 Oct 2008 19:11:25 +0000 http://cranedata.wordpress.com/?p=73#comment-374 [...] If you're new here, you may want to check out our main info pages starting here. Thanks for visiting!Fed Should Invest in Money Funds, Not CP [...] [...] If you’re new here, you may want to check out our main info pages starting here. Thanks for visiting!Fed Should Invest in Money Funds, Not CP [...]

]]> Comment on Brokerages Wimp Out Again Caving to Auction-Rate Extortion by cranedata http://cranedata.wordpress.com/2008/08/16/brokerages-wimp-out-again-caving-to-auction-rate-extortion/#comment-361 cranedata Sun, 17 Aug 2008 00:18:55 +0000 http://cranedata.wordpress.com/?p=71#comment-361 Dear Sir/Madam- If indeed your broker represented something false in writing, you should have no problem obtaining compensation for any losses or delays. But I have a hard time believing that your broker didn't tell you about the (remote) possibility that an auction would fail, and I'd guess that all the risks were plainly laid out in any documents, had you bothered to read up on them. The risks of auction-rate securities were well-documented among financial professionals.... You should know that a yield that's too good to be true likely is. Next time, if it's yielding far above the Fed funds rate, run! -Pete Crane Dear Sir/Madam-
If indeed your broker represented something false in writing, you should have no problem obtaining compensation for any losses or delays. But I have a hard time believing that your broker didn’t tell you about the (remote) possibility that an auction would fail, and I’d guess that all the risks were plainly laid out in any documents, had you bothered to read up on them. The risks of auction-rate securities were well-documented among financial professionals…. You should know that a yield that’s too good to be true likely is. Next time, if it’s yielding far above the Fed funds rate, run!
-Pete Crane

]]> Comment on Brokerages Wimp Out Again Caving to Auction-Rate Extortion by MEM http://cranedata.wordpress.com/2008/08/16/brokerages-wimp-out-again-caving-to-auction-rate-extortion/#comment-360 MEM Sun, 17 Aug 2008 00:01:41 +0000 http://cranedata.wordpress.com/?p=71#comment-360 So after being betrayed by my advisor, I should listen to your ridicule? My broker committed both mail fraud and wire fraud with his representations. The citizens of New York and Massachussets are the lucky ones. The Attorney General of my state, Florida, is sitting on his hands. Disgreceful!! So after being betrayed by my advisor, I should listen to your ridicule? My broker committed both mail fraud and wire fraud with his representations. The citizens of New York and Massachussets are the lucky ones. The Attorney General of my state, Florida, is sitting on his hands. Disgreceful!!

]]> Comment on People News in the Money Fund Business by Gina http://cranedata.wordpress.com/2008/04/10/people-news-in-the-money-fund-business/#comment-353 Gina Thu, 19 Jun 2008 01:52:38 +0000 http://cranedata.wordpress.com/?p=61#comment-353 This blog would be a lot easier to read if you did not right-justify the text. This blog would be a lot easier to read if you did not right-justify the text.

]]> Comment on Blogs Discover Enhanced Cash and Money Funds by Isabelxk http://cranedata.wordpress.com/2007/12/16/blogs-discover-enhanced-cash-and-money-funds/#comment-349 Isabelxk Thu, 20 Mar 2008 08:50:28 +0000 http://cranedata.wordpress.com/2007/12/16/blogs-discover-enhanced-cash-and-money-funds/#comment-349 omg.. good work, man omg.. good work, man

]]> Comment on Municipal Bond Insurers by Shaun Cutts http://cranedata.wordpress.com/2008/02/03/municipal-bond-insurers/#comment-338 Shaun Cutts Mon, 25 Feb 2008 23:35:44 +0000 http://cranedata.wordpress.com/?p=59#comment-338 My perspective is that the forces of darkness have already locked in their profits on this one, and are ready to do an end run on to other asset-backed categories: commercial real-estate, credit cards, auto loans, etc. Of course, having the monolines crumble would be an added bonus. My perspective is that the forces of darkness have already locked in their profits on this one, and are ready to do an end run on to other asset-backed categories: commercial real-estate, credit cards, auto loans, etc. Of course, having the monolines crumble would be an added bonus.

]]> Comment on Money Fund Insurance on the Comeback? by justin rose http://cranedata.wordpress.com/2007/12/28/money-fund-insurance-on-the-comeback/#comment-322 justin rose Thu, 03 Jan 2008 20:33:37 +0000 http://cranedata.wordpress.com/2007/12/28/money-fund-insurance-on-the-comeback/#comment-322 JP Morgan have a Euro Fund domiciled in Dublin where I believe ABN AMro have underwritten the NAV at end of each half year period. JP Morgan have a Euro Fund domiciled in Dublin where I believe ABN AMro have underwritten the NAV at end of each half year period.

]]>