Money Market Funds
2 RepliesJump to last post
Sep 16, 2008 9:37 pm
This ought to make some of you feel good:http://www.marketwatch.com/news/story/money-market-giant-freezes-redemptions/story.aspx?guid=%7B691A8CB9%2DB98F%2D4677%2D87D3%2D1CC274AB5103%7D
I, for one, am concerned about money market funds breaking $1. Almost 60% of my accounts are in money market…since .7% Treasuries don’t interest me.
Hopefully, this AIG “bridge loan” will stabilize the markets tomorrow.