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For only the second time in history, a money market fund has lost money or "broken the buck".
Bank Deals article
Bank Deals article
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Wow! This might be missed underneath all the huge bailout and bankruptcy headlines, but... this is pretty historic! -
In goes a dollar; out comes 97 cents.
I learned quite a bit from the comments attached to that article."There is some ontological doubt as to whether it may even be possible in principle to nail down these things in the universe we're given to study." --text msg from my kid
"It is easier to build strong children than to repair broken men." --Frederick DouglassComment
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Yeah it's pretty big news, I'm not surprised it hasn't happened more often considering all the "safe debt" involving Freddie Mac and Fannie Mae sold.Comment
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