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Good ole PayPal

LonerAngerLonerAnger Posts: 152
in U.S. Coin Forum
Subprime PayPal



<< <i>Take for example the PayPal money-market run on behalf of Ebay, the online auction phenomenon. "No. 2 among 248 first-tier retail funds over the past five years," according to Reuters, PayPal's money market fund invests all of its current $1 billion holdings into a "master fund" run by Barclays, the third-largest bank in London. >>



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Comments

  • LonerAngerLonerAnger Posts: 152
    image
  • OPAOPA Posts: 17,143 ✭✭✭✭✭
    PayPal... 7 day average yield as of 10/18/2007. Yield varies over time. Money market funds are neither insured nor guaranteed by the FDIC or any other government agency. Although the Fund seeks to preserve the value of your investment at $1.00 USD per share, it is possible to lose money by investing in the Fund.

    I did not know that PayPal's M/M is not FDIC insured...image
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • LonerAngerLonerAnger Posts: 152
    Few are. But then, few are so completely invested in ONE asset.
  • 19Lyds19Lyds Posts: 26,492 ✭✭✭✭


    << <i>image >>



    I'll second that....................image
    I decided to change calling the bathroom the John and renamed it the Jim. I feel so much better saying I went to the Jim this morning.



    The name is LEE!
  • bestdaybestday Posts: 4,242 ✭✭✭✭


    << <i>

    << <i>image >>



    I'll second that....................image >>





    image Many yet so few !!!!!

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