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Boston Fed: 78 Money Market Funds Needed Help

Ken Tumin
Ken Tumin   |     |   5,736 posts since 2009

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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Ally6770   |     |   1,927 posts since 2010
The frequent and significant part is pretty scary.
lou   |     |   653 posts since 2010
With a zero interest rate policy, you can expect to see more of this.