"can you imagine if a large money market fund announces the breaking of the buck?"
1) that has already happened (so it might be a little late to be worrying about it). Of course, anyone who has their cash in commercial paper money funds for the sake of making a few extra basis points is a moron anyway.
2) Isn't Flenckenstein the guy who was calling for a collapse in housing back in 2000 (just before the explosion to the upside in housing prices)?
3) Isn't he also the guy who, along with Fred Hickey, called for INTC to go to 12 when it was at $17? In fact, didn't he do that twice? And didn't INTC immediately rally many points after those calls?
4) Do you call him "Fleck" because he's a personal friend of yours or because you have been snookered just like the guys who call Jim Cramer "Crames" and Todd Harrison "Toddo"? In other words, what makes you think these guys are working to increase your account balance?
So may I suggest you do a little independent thinking instead of beating the drum for the shills?