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Vanguard Total Stock Market ETF Message Board

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  • john11cv john11cv Aug 24, 2011 8:24 PM Flag

    VG MONEY MKT ACCTS NOT IMUNE FROM BREAKING THE BUCK ...

    You nailed it!!! Pulled all my money from Vanguard yesterday. Thanks for the heads up brother!!! My Brother Jeff who is one of the top big wigs at JP Morgan told me that I made a smart move. VG is totally unprotected against breaking the buck, so are hundreds of other brokerages out there. Not the time to take chances with nonFDIC accts of any kind. And, Jeff has alot of basis for his saying this. He told me more about what's really happening in Washington and with the fed, and with the majority of banks out there. My warning to all, check the fine print at your bank, including BofA, Citi, etc... Are you really FDIC insured or r they just telling you are? Have you checked your bank accts. facts in hard printed form. Ask for the bank acct. description in written form that the bank must give you. If they don't have it, run!!! But withdraw all your money first. ; )

 
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