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Boston Fed: 78 Money Market Funds Needed Help

Tuesday, August 14, 2012 - 5:01 AM
From MarketWatch
The Federal Reserve Bank of Boston on Monday reported that 78 prime money-market funds between 2007 and 2011 received support from their sponsor firms and that without the help at least 21 of those would have “broke the buck” by having a net asset value of below $1 a share.

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4
Ken TuminKen Tumin5,442 posts since
Nov 29, 2009
Rep Points: 123,743
1. Tuesday, August 14, 2012 - 9:55 AM
The frequent and significant part is pretty scary.
1
AllyAlly785 posts since
Jan 16, 2010
Rep Points: 2,281
2. Tuesday, August 14, 2012 - 1:17 PM
With a zero interest rate policy, you can expect to see more of this.
1
loulou521 posts since
Aug 3, 2010
Rep Points: 3,239
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