ABC sticks it to GA security... [Archive]

March 15th 05, 12:42 AM

In article . net>,
says...
> Just seen on Monday's World News Tonight...
>
> Gaping holes!
> Lax Security!
>
> Nothing like some sensationalism without BALANCE..
>
> Dave
>
>

It's the latest way that those hundreds of sleeper cells are going to
get us. Ultralights, scuba divers in ports, crop dusters, limosines,
fuel trucks --- four or five new ways each week for years that they are
coming to kill us. It does seem strange though, that as willing as they
are to lose "martyrs for the cause", with all those sleeper cells, not
one crazed terrorist has made the attempt in the US in years. You'd
think they could take down a portajohn or something. Must be that rock
solid airport security that scares them off, or the fear of our death
penalty. We did have one terrorist attack since 9/11. It was that
anthrax deal that killed several people. No arrest. Strange we don't
hear about what's up with that. It's off the radar, and GA is on it.
Gotta go duct tape the house in polyethelene.

Blueskies

March 15th 05, 01:51 AM

> wrote in message th.net...
> In article . net>,
> says...
>> Just seen on Monday's World News Tonight...
>>
>> Gaping holes!
>> Lax Security!
>>
>> Nothing like some sensationalism without BALANCE..
>>
>> Dave
>>
>>
>
> It's the latest way that those hundreds of sleeper cells are going to
> get us. Ultralights, scuba divers in ports, crop dusters, limosines,
> fuel trucks --- four or five new ways each week for years that they are
> coming to kill us. It does seem strange though, that as willing as they
> are to lose "martyrs for the cause", with all those sleeper cells, not
> one crazed terrorist has made the attempt in the US in years. You'd
> think they could take down a portajohn or something. Must be that rock
> solid airport security that scares them off, or the fear of our death
> penalty. We did have one terrorist attack since 9/11. It was that
> anthrax deal that killed several people. No arrest. Strange we don't
> hear about what's up with that. It's off the radar, and GA is on it.
> Gotta go duct tape the house in polyethelene.

Hmmm, how many murders in NYC last month, or traffic deaths in Georgia? Off the screen, didn't happen, not news, no
advertising revenue, forget about it...

cpu

March 15th 05, 05:51 AM

Did you hear what they said?

NBC: 1 Cessna + 200 lb of fertelizer = Oklahoma bombing.

ABC: 1 small plane + several lb of C4 = Serious destruction

Wow, serious stuff.... But it seems using a Honda Civic + the same
amount of bomb material will be much easier than using a GA plane.
Unless those targets that are un-accessible by cars, such as White
House. That's why we have ADIZ.

It is a tough issue to deal with.... Just like buying a virus
protection software. It will never protect you from the latest virus
attack, no mater how much money you spend, until someone become a
victim.

Icebound

March 15th 05, 02:02 PM

"cpu" > wrote in message
oups.com...
> Did you hear what they said?
>
> NBC: 1 Cessna + 200 lb of fertelizer = Oklahoma bombing.
>

Really?

The Oklahoma bomb was described as a "massive truck bomb" in a rented Ryder
truck.
A quote:

The FBI also changed the size of the bomb numerous times. They originally
claimed that it weighed 1,200 pounds, upgraded that figure to 2,000 pounds,
then to 4,000 pounds, and finally, they issued a press release stating that
the bomb weighed 4800 pounds.

:unquote

There is also some evidence that if was something much more than just
fertilizer and fuel, because similar large fertilizer and fuel bombs had
done much less damage in the past.... but then you can read the conspiracy
theories all over the internet for yourselves.

Larry Dighera

March 15th 05, 02:27 PM

On 14 Mar 2005 21:51:36 -0800, "cpu" > wrote in
. com>::

>Did you hear what they said?
>
>NBC: 1 Cessna + 200 lb of fertelizer = Oklahoma bombing.

Doesn't that estimate overlook 55 gallon drums of diesel fuel?

>
>ABC: 1 small plane + several lb of C4 = Serious destruction

I would imagine several pounds of C4 or any of several other
explosives could be as easily deployed by many many other means as by
light aircraft. What is the principal difference between those other
means and singling out light aircraft?

>Wow, serious stuff....

I can't believe the TSA & FBI originated those numbers.

> But it seems using a Honda Civic + the same amount of bomb material
>will be much easier than using a GA plane.

It smells like the airlines are behind this absurd GA alleged
insecurity pseudo issue. Perhaps it's time for the media to make a
distinction between heavily fuel laden biz-jets and four-place bug
smashes. Otherwise, the media hype' of this issue smacks of fear
mongering.

John T

March 15th 05, 02:53 PM

Larry Dighera wrote:
>
> What is the principal difference between those other
> means and singling out light aircraft?

Public ignorance. They're comfortable with trucks, but the vast majority of
them don't understand aviation. That makes it easy to convince them we're
nothing but spoiled rich brats playing with our expensive toys.

It also makes it easy to convince them that the threat of a small plane
carrying a ferti-diesel-lizer bomb is feasible.

> It smells like the airlines are behind this absurd GA alleged
> insecurity pseudo issue. Perhaps it's time for the media to make a
> distinction between heavily fuel laden biz-jets and four-place bug
> smashes.

I don't know whether the airlines are behind this. After all, what would
they have to gain? But it is easy to conjure any number of conspiracies
about who could have something to gain by scaring the public about aviation
security and those small planes, in particular. Bureaucratic
self-preservation is one, for instance.

> Otherwise, the media hype' of this issue smacks of fear
> mongering.

Of course it is.

--
John T
http://tknowlogy.com/TknoFlyer
http://www.pocketgear.com/products_search.asp?developerid=4415
____________________

Larry Dighera

March 15th 05, 03:21 PM

On Tue, 15 Mar 2005 09:53:41 -0500, "John T" > wrote in
>::

>I don't know whether the airlines are behind this. After all, what would
>they have to gain?

Consider the fact that airline passengers must now submit to long
lines for degrading security inspections, wait for protracted periods
to meet airline schedules, and be treated like cattle. Contrast that
with the corporate or charter biz-jet GA experience. I would expect
airlines to fear loosing high paying business class customers to the
more flexible, more comfortable and less invasive GA fleet.

John T

March 15th 05, 03:57 PM

Larry Dighera wrote:
>
> Consider the fact that airline passengers must now submit to long
> lines for degrading security inspections, wait for protracted periods
> to meet airline schedules, and be treated like cattle. Contrast that
> with the corporate or charter biz-jet GA experience. I would expect
> airlines to fear loosing high paying business class customers to the
> more flexible, more comfortable and less invasive GA fleet.

Plausible, but I think unlikely, theory. I seriously doubt there has been a
very large movement of business travelers to charter/bizjets. Sure, there
are the corporate executives who can occasionally make the justification of
paying the still relatively exorbitant rates for private flights, but
economic pressures still make waiting in the cattle chutes more feasible for
the majority of business travelers.

--
John T
http://tknowlogy.com/TknoFlyer
http://www.pocketgear.com/products_search.asp?developerid=4415
____________________

Gary

March 15th 05, 05:01 PM

Actualy I believe the reason the Oklahoma bombing was soo destructive was
not so much the power of the bomb but rather a structural flaw in the design
of the building. The truck was parked under a ground level parkade and when
detonated actualy lifted part of the building and one of the main horizontal
supports was not connected to the rest of the structure. This main support
then fell inward from the force of the blast when the weight of the building
was no longer holding it in place. Once the pressure from the blast had
dissipated, the floors above, now without any support came crashing down. If
the main horizontal support had been fastend to the building the destruction
may not have been as severe!

However things like this and 9/11 bring on the fear mongering by (uneducated
or ignorant) john q public and our goverments hell bent on control. Which in
turn then takes away more of our rights and feedoms that our fore fathers
fought so hard to protect.

Flying is just plane fun and something I enjoy immensley. I really get bent
out of shape whenever someone starts shouting that the sky is falling and
the plane are full of terroists!

LOL. well that is my rant for today. Hope everyones day here is full of
clear skies and strong tail winds.

Gary

"Icebound" > wrote in message
...
>
> "cpu" > wrote in message
> oups.com...
> > Did you hear what they said?
> >
> > NBC: 1 Cessna + 200 lb of fertelizer = Oklahoma bombing.
> >
>
>
> Really?
>
> The Oklahoma bomb was described as a "massive truck bomb" in a rented
Ryder
> truck.
> A quote:
>
> The FBI also changed the size of the bomb numerous times. They originally
> claimed that it weighed 1,200 pounds, upgraded that figure to 2,000
pounds,
> then to 4,000 pounds, and finally, they issued a press release stating
that
> the bomb weighed 4800 pounds.
>
> :unquote
>
> There is also some evidence that if was something much more than just
> fertilizer and fuel, because similar large fertilizer and fuel bombs had
> done much less damage in the past.... but then you can read the conspiracy
> theories all over the internet for yourselves.
>
>
>
>

cpu

March 15th 05, 05:55 PM

Guys,

After read the other thread of discussions, I totally agree with the
following:

Bush has to capture the O'sama and the rest of those evil guys.
That's the only way to stop the non-sense fear and spendings.
Semilarly, if we capture those computer hackers, we don't have to worry
to buy an virus protection software.

And, to identify those terrorist evils is MUCH EASIER than to identify
computer hackers. Terrorists have the same believes, same kind of
evil goals and from certain area in the world. But computer hackers do
not, they may be for fun, for any reason, and can be from any where in
the world with an internet connection.

Well, so please stop to spread those fearful statements...go to do the
real job. Sit there and write new regulations won't save the public a
thing.

March 15th 05, 06:23 PM

In article >,
says...
> Larry Dighera wrote:
> >
> > What is the principal difference between those other
> > means and singling out light aircraft?
>
> Public ignorance. They're comfortable with trucks, but the vast majority of
> them don't understand aviation. That makes it easy to convince them we're
> nothing but spoiled rich brats playing with our expensive toys.

It's all about the money tree. The "homeland security" money tree is the
biggest one around and the easiest to shake. The "security" industry
motto is "scare and share". If we are afraid of everything, then
everything has to have a big, expensive security apparatus laid over it.
Who wins? Guess. The government "security agencies", and the usual
Fortune 50 techno companies. Easy money. It doesn't even have to work.
Want to buy one of my albino bengal tiger repellants? Sold for use only
in the US. $3,000. Guaranteed effective or your money back.

Joe Johnson

March 15th 05, 10:25 PM

> wrote in message
th.net...

> Want to buy one of my albino bengal tiger repellants? Sold for use only
> in the US. $3,000. Guaranteed effective or your money back.

I had one chase me down the streets of Manhattan the other day. Where were
you when I needed you?

Blueskies

March 15th 05, 11:11 PM

"Larry Dighera" > wrote in message ...
> On Tue, 15 Mar 2005 09:53:41 -0500, "John T" > wrote in
> >::
>
>>I don't know whether the airlines are behind this. After all, what would
>>they have to gain?
>
> Consider the fact that airline passengers must now submit to long
> lines for degrading security inspections, wait for protracted periods
> to meet airline schedules, and be treated like cattle. Contrast that
> with the corporate or charter biz-jet GA experience. I would expect
> airlines to fear loosing high paying business class customers to the
> more flexible, more comfortable and less invasive GA fleet.

Not so big an issue at SNA last week. I was passing through and noticed an express lane for first class and 'preferred'
travelers that bypassed the long line for us normal folk. I wonder what it takes to be preferred...

Jay Beckman

March 15th 05, 11:29 PM

"Blueskies" > wrote in message
. com...
>
> "Larry Dighera" > wrote in message
> ...
>> On Tue, 15 Mar 2005 09:53:41 -0500, "John T" > wrote in
>> >::
>>
>>>I don't know whether the airlines are behind this. After all, what would
>>>they have to gain?
>>
>> Consider the fact that airline passengers must now submit to long
>> lines for degrading security inspections, wait for protracted periods
>> to meet airline schedules, and be treated like cattle. Contrast that
>> with the corporate or charter biz-jet GA experience. I would expect
>> airlines to fear loosing high paying business class customers to the
>> more flexible, more comfortable and less invasive GA fleet.
>
> Not so big an issue at SNA last week. I was passing through and noticed an
> express lane for first class and 'preferred' travelers that bypassed the
> long line for us normal folk. I wonder what it takes to be preferred...
>

Usually it's for Silver, Gold or Platinum-level frequent flyers...or those
with a seat in first class.

I fly commercially 45+ weekends a year and would never survive it if their
weren't "preferred" lines at the ticket counter and at security.

Someday I hope to fly myself to some of the events I work but for now, I'm
stuck with going commercial.

Jay Beckman
PP-ASEL
Chandler, AZ

Flyin'[email protected]

March 15th 05, 11:36 PM

Ah comeone.... You should be able to fit the Phoenix event in there... Heck
even Fontana or Vegas is within reach. :-)

> Someday I hope to fly myself to some of the events I work but for now,
> I'm stuck with going commercial.
>
> Jay Beckman
> PP-ASEL
> Chandler, AZ

--
Mike Flyin'8
PP-ASEL
Temecula, CA
http://flying.4alexanders.com

Jay Beckman

March 16th 05, 12:14 AM

> wrote in message
...
> Ah comeone.... You should be able to fit the Phoenix event in there...
> Heck
> even Fontana or Vegas is within reach. :-)
>
>
>> Someday I hope to fly myself to some of the events I work but for now,
>> I'm stuck with going commercial.
>>
>> Jay Beckman
>> PP-ASEL
>> Chandler, AZ
>
> --
> Mike Flyin'8
> PP-ASEL
> Temecula, CA
> http://flying.4alexanders.com

Mike,

I'm fairly confident that I could get from Phoenix to Ontario, North Las
Vegas, or even just over to Goodyear, AZ for the Phoenix race.

Some salient points (bearing in mind I'm a low-time VFR pilot...)

1) The event I work are not dependant upon me as a participant. They're
going to happen whether I get there or not. This is a point about which I
sometimes even have to get "fussy" with the airlines. If I don't get there,
I don't work...if I don't work, I don't get paid. It isn't as simple as
rescheduling a sales call or moving to a teleconference instead of meeting
face to face with a client.

2) I can't see an FBO renting me a plane knowing I will put 5 or 6 hours on
the Hobbs meter, but it could be away for 96 hours or more. (And what
happens if Sunday's race gets rained out and they are going to run on
Monday?) "Hello, Joe's Flight School? Uh, yeah, I won't be coming back to
Phoenix until Monday evening...maybe Tuesday morning...sorry."

Which brings up another issue. After working 45+ hours in three days (we're
practically guarenteed a 14-16 hour day on Sunday), I'm NOT going to climb
into an airplane and try to get home in the dark. That's just not going to
happen.

3) I get very little time off each week. The possibility of getting
weathered in or having to divert for any length of time would just destroy
my schedule.

Once upon a time, the TV networks bought us nice, fat, full-fare, Y-class
tickets that came with lots of flexibility. You could combine them, use
only the front or back half or even pocket them and take the bus instead (if
you were a masochist...) but now the airfares we get are dirt-cheap,
non-refundable, front-loaded tickets so you can't even keep your reservation
for the return trip if you don't fly the front half. So that rules out even
being able to fly OUT with an instructor but take a commercial flight home.

4) While I usually am a "Travel Only" on Thursdays, the races in Fontana,
Vegas, Sonoma and Texas allow me to make a few extra bucks as a
"Travel/Work." This requires that I be on the ground by 9am so that I can
grab a rental car and head to the track instead of just going to the hotel.
Barring all the other reasons above, I don't think a C172SP will get me to
SFO or DFW by 9am from Phoenix.

So, as much as I'd like to fly myself, it isn't practical...yet. ;O)

Jay Beckman
PP-ASEL
Chandler, AZ

Mike 'Flyin'8'

March 16th 05, 01:02 AM

Sounds like a good excuse for an IFR ticket and Multi-Rating.... Heck,
might even push the envelope and buy a twin while your at it. As a
pilot, you're rich.... At least that is what I hear about us
pilots...

>Mike,
>
>I'm fairly confident that I could get from Phoenix to Ontario, North Las
>Vegas, or even just over to Goodyear, AZ for the Phoenix race.
>
>Some salient points (bearing in mind I'm a low-time VFR pilot...)
>
>1) The event I work are not dependant upon me as a participant. They're
>going to happen whether I get there or not. This is a point about which I
>sometimes even have to get "fussy" with the airlines. If I don't get there,
>I don't work...if I don't work, I don't get paid. It isn't as simple as
>rescheduling a sales call or moving to a teleconference instead of meeting
>face to face with a client.
>
>2) I can't see an FBO renting me a plane knowing I will put 5 or 6 hours on
>the Hobbs meter, but it could be away for 96 hours or more. (And what
>happens if Sunday's race gets rained out and they are going to run on
>Monday?) "Hello, Joe's Flight School? Uh, yeah, I won't be coming back to
>Phoenix until Monday evening...maybe Tuesday morning...sorry."
>
>Which brings up another issue. After working 45+ hours in three days (we're
>practically guarenteed a 14-16 hour day on Sunday), I'm NOT going to climb
>into an airplane and try to get home in the dark. That's just not going to
>happen.
>
>3) I get very little time off each week. The possibility of getting
>weathered in or having to divert for any length of time would just destroy
>my schedule.
>
>Once upon a time, the TV networks bought us nice, fat, full-fare, Y-class
>tickets that came with lots of flexibility. You could combine them, use
>only the front or back half or even pocket them and take the bus instead (if
>you were a masochist...) but now the airfares we get are dirt-cheap,
>non-refundable, front-loaded tickets so you can't even keep your reservation
>for the return trip if you don't fly the front half. So that rules out even
>being able to fly OUT with an instructor but take a commercial flight home.
>
>4) While I usually am a "Travel Only" on Thursdays, the races in Fontana,
>Vegas, Sonoma and Texas allow me to make a few extra bucks as a
>"Travel/Work." This requires that I be on the ground by 9am so that I can
>grab a rental car and head to the track instead of just going to the hotel.
>Barring all the other reasons above, I don't think a C172SP will get me to
>SFO or DFW by 9am from Phoenix.
>
>So, as much as I'd like to fly myself, it isn't practical...yet. ;O)
>
>Jay Beckman
>PP-ASEL
>Chandler, AZ
>

Mike Alexander
PP-ASEL
Temecula, CA
See my online aerial photo album at
http://flying.4alexanders.com

Blueskies

March 16th 05, 02:29 AM

"Jay Beckman" > wrote in message news:QdKZd.5356$uk7.3719@fed1read01...
> "Blueskies" > wrote in message
> . com...
>>
>> "Larry Dighera" > wrote in message ...
>>> On Tue, 15 Mar 2005 09:53:41 -0500, "John T" > wrote in
>>> >::
>>>
>>>>I don't know whether the airlines are behind this. After all, what would
>>>>they have to gain?
>>>
>>> Consider the fact that airline passengers must now submit to long
>>> lines for degrading security inspections, wait for protracted periods
>>> to meet airline schedules, and be treated like cattle. Contrast that
>>> with the corporate or charter biz-jet GA experience. I would expect
>>> airlines to fear loosing high paying business class customers to the
>>> more flexible, more comfortable and less invasive GA fleet.
>>
>> Not so big an issue at SNA last week. I was passing through and noticed an express lane for first class and
>> 'preferred' travelers that bypassed the long line for us normal folk. I wonder what it takes to be preferred...
>>
>
> Usually it's for Silver, Gold or Platinum-level frequent flyers...or those with a seat in first class.
>
> I fly commercially 45+ weekends a year and would never survive it if their weren't "preferred" lines at the ticket
> counter and at security.
>
> Someday I hope to fly myself to some of the events I work but for now, I'm stuck with going commercial.
>
> Jay Beckman
> PP-ASEL
> Chandler, AZ

I can understand the special treatment in front of the airline counter, but the TSA running the passenger screening is a
government agency.

Newps

March 16th 05, 03:43 AM

Blueskies wrote:

>
>
> Not so big an issue at SNA last week. I was passing through and noticed an express lane for first class and 'preferred'
> travelers that bypassed the long line for us normal folk. I wonder what it takes to be preferred...

A concealed weapons permit does the trick nicely.

Dave Butler

March 16th 05, 03:16 PM

Blueskies wrote:
>
> I can understand the special treatment in front of the airline counter, but the TSA running the passenger screening is a
> government agency.

.... and the government is anxious to please the airlines.

John Galban

March 16th 05, 10:02 PM

Blueskies wrote:
>
> I can understand the special treatment in front of the airline
counter, but the TSA running the passenger screening is a
> government agency.

Last year the TSA started a frequent traveller program at some of the
larger airports. Basically, you have to get pre-screened, give them a
thumb print or retina scan, and you get to use the fast lane.

John Galban=====>N4BQ (PA28-180)

Blueskies

March 16th 05, 10:40 PM

Jay Beckman

March 16th 05, 11:30 PM

"John Galban" > wrote in message
oups.com...
>
> Blueskies wrote:
>>
>> I can understand the special treatment in front of the airline
> counter, but the TSA running the passenger screening is a
>> government agency.
>
> Last year the TSA started a frequent traveller program at some of the
> larger airports. Basically, you have to get pre-screened, give them a
> thumb print or retina scan, and you get to use the fast lane.
>
> John Galban=====>N4BQ (PA28-180)
>

Minneapolis was one of the airports where they were trying it out and I was
told that it failed miserably. Nobody trusted the government with the
information required for the background check.

Jay Beckman
PP-ASEL
Chandler, AZ

Jay Beckman

March 16th 05, 11:33 PM

"Blueskies" > wrote in message
. com...
>I can understand the special treatment in front of the airline counter, but
>the TSA >running the passenger screening is a government agency.

Usually, the premiere line only bypasses the general security line but then
melds back in right before you get to the xray equipment.

Vegas was an exception...the silver/gold/platinum line for America West went
to it's own separate equipment and did not mix you in with everyong else. I
don't think I've ever seen that anywhere else. Perhaps it's just another
case where what happens in Vegas...stays in Vegas! ;O)

Jay B

Jay Beckman

March 16th 05, 11:34 PM

"Mike 'Flyin'8'" > wrote in message
...
> Sounds like a good excuse for an IFR ticket and Multi-Rating.... Heck,
> might even push the envelope and buy a twin while your at it. As a
> pilot, you're rich.... At least that is what I hear about us
> pilots...
>
>

Hehe, yeah. I keep waiting to find that spare million I left stashed in my
"other suit."

Jay B

John Galban

March 17th 05, 01:16 AM

Blueskies wrote:
>
> Where do I sign up?

I don't think you can. The pilot program started last June and the
initial participants were frequent flyers chosen by the airlines. BTW
- under this program, you still have to go through a security
screening, you're just exempt from any secondary screening (i.e. take
off your shoes, pull down your pants and bend over).

John Galban=====>N4BQ (PA28-180)

Montblack

March 17th 05, 05:49 AM

("Jay Beckman" wrote)
> Hehe, yeah. I keep waiting to find that spare million I left stashed in
> my "other suit."

Hop in your way-back machine...

Buy $5,000 of Amazon.com or Yahoo around 1996 or 1997.
Sell in Jan 2000. Move money into money market fund. Buy post-bankrupt
K-mart in 2003. Sell it yesterday.

There's your million - net.

Montblack

Jay Beckman

March 17th 05, 06:04 AM

"Montblack" > wrote in message
...
> ("Jay Beckman" wrote)
>> Hehe, yeah. I keep waiting to find that spare million I left stashed in
>> my "other suit."
>
> Hop in your way-back machine...
>
> Buy $5,000 of Amazon.com or Yahoo around 1996 or 1997.
> Sell in Jan 2000. Move money into money market fund. Buy post-bankrupt
> K-mart in 2003. Sell it yesterday.
>
> There's your million - net.
>
>
> Montblack

A little Martha Stewart Media in the mix about 5 months ago would have added
a few extra sheckles too...sheesh.

Jay

George Patterson

March 17th 05, 06:43 PM

Montblack wrote:
>
> Sell in Jan 2000. Move money into money market fund.

Better make sure that fund is heavy on bonds. Some money market funds were
losing 20% a quarter in 2002.

George Patterson
I prefer Heaven for climate but Hell for company.

Montblack

March 17th 05, 07:18 PM

("George Patterson" wrote)
> Montblack wrote:
>>
>> Sell in Jan 2000. Move money into money market fund.
>
> Better make sure that fund is heavy on bonds. Some money market funds were
> losing 20% a quarter in 2002.

Money markets? Wow.

We pulled chunks out of stocks and treaded water. Didn't make anything, but
din't lose anything either, which from 2000-2003 was ok with us. Park your
funds here with low risk - money markets.

Unfortunately the K-Mart "tip" is 20/20 hindsight :-(

Montblack

John Galban

March 17th 05, 07:20 PM

George Patterson wrote:
> Montblack wrote:
> >
> > Sell in Jan 2000. Move money into money market fund.
>
> Better make sure that fund is heavy on bonds. Some money market funds
were
> losing 20% a quarter in 2002.
>

I've never heard of a money market fund losing 20% (or even 2%)in a
quarter. They're usually very low risk/return funds invested
primarily in high quality commercial paper, bank CDs, etc...

Aviation content : I've had my engine overhaul fund in a money
market fund for many years and I'm in the process of blowing it all!

John Galban=====>N4BQ (PA28-180)

Matt Barrow

March 18th 05, 06:44 PM

"John Galban" > wrote in message
oups.com...
>
> George Patterson wrote:
> > Montblack wrote:
> > >
> > > Sell in Jan 2000. Move money into money market fund.
> >
> > Better make sure that fund is heavy on bonds. Some money market funds
> were
> > losing 20% a quarter in 2002.
> >
>
> I've never heard of a money market fund losing 20% (or even 2%)in a
> quarter. They're usually very low risk/return funds invested
> primarily in high quality commercial paper, bank CDs, etc...
>
> Aviation content : I've had my engine overhaul fund in a money
> market fund for many years and I'm in the process of blowing it all!
>

100% in a quarter?