The Beginning of the End of Money Market Funds
By David Merkel on Sun, 2012-12-09 00:58
(via alephblog.com)
Say goodbye to money market funds, and hello to more volatility, whether in money market funds, or their substitutes. As with all of the financial crisis, it would have been better if the Fed and Treasury had not intervened. Most money market funds would have survived. The market panicked less...
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