Primary Reserve Fund investors must be PO'd real bad. (money, banks, lawsuits)

[POhdNcrzy]

Does anyone know anyone who has a significant investment in the Primary Reserve Fund or Government Reserve Fund that's been in the news since September?

These are huge, retail money market funds that are supposed to be like "cash", very safe.

But since Lehman Bros. went under, the funds are frozen and people can't access their money. Some of these people had around half of their portfolio or several hundred thousand dollars or more in these funds and now they CAN NOT ACCESS THEIR MONEY!

Boy, these people must be so PO'd. Can you imagine if that was you and your money that you worked so hard (or not so hard) for?

Apparently a buncha lawsuits are in the works.

Meanwhile, our government is giving billions of dollars, "no strings attached" to US banks to spend however they see fit in hopes it might "trickle down" and help the economy.

How can this be?

Our government should be making sure Americans get their money back from these charlatans before they give billions of dollars to Wall Street goons, some of the same goons who ripped these American investors off with their crooked no-good money market funds.

[texdav]

If these are investors they maybe like so many investors in the big banks in that they loose their money. The banks may have been savered but many billons wre lose by some really big names. Most luckily can satnd the loss;it seesm as they knew it was a risk like all investments.