Re: understanding liability

On Apr 1, 9:10 am, PeterL <po.n...@[EMAIL PROTECTED]
> wrote:

> I think you are mixing two issues here.  Safe from what?  Bank
> bankruptcy or market fluctuations?

Both.  It sounds like Elizabeth is saying that market
fluctuations is not an issue (since it's a MMF and CA
won't go bust).  That leaves the bankruptcy issue
of the bank.  I thought SIPC covers that to 500K.
Is my assumption correct?

Anoop

--------------------------------------
Misc.invest.financial-plan is a moderated newsgroup where Moderators
strive
to keep the conversations on-topic for financial planning. Other posting
guidelines include a request for brevity and another for trimming posts to
which we respond.  For all of the other tips and suggestions, see "FROM
THE
MODERATORS: Posting to misc.invest.financial-plan", a weekly post now on
the
Newsgroup.