152 comments on The Resurgence of Risk – A Primer on the Developing Credit Crunch
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152 comments on The Resurgence of Risk – A Primer on the Developing Credit Crunch
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| Show without comments | PDF version
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The Comptroller General of the United States is still sounding the warning alarm,,but few appear to be listening:
"The US government is on a ‘burning platform’ of unsustainable policies and practices with fiscal deficits, chronic healthcare underfunding, immigration and overseas military commitments threatening a crisis if action is not taken soon, the country’s top government inspector has warned."
http://www.ft.com/cms/s/80fa0a2c-49ef-11dc-9ffe-0000779fd2ac.html
Today in the New York Times C1 section and the Wall St. Journal C1 section (Wednesday, August 15, 2007) I read that some money market funds are actually invested in collateralized mortgage obligations.
What about my "cash account" at my brokerage?