Money Funds Make Front Page of Boston Globe (Along With Red Sox). Today's Boston Globe features an article entitled "Credit crunch highlights risks in money markets", which asks "How safe is your money fund?". Like many recent articles, the title is much scarier than the actual text. The Globe piece mentions SIVs (structured investment vehicles) and Wachovia's $40 million buyout of securities from its Evergreen funds, and discusses the minor historical SIV holdings of Fidelity and Columbia. It also briefly explores the history of money fund credit events, mentioning Community Bankers US Government Money Fund (though incorrectly stating its liquidation at 94 cents instead of 96 cents). The Globe says, "Moody's knows of 145 serious cases of money-market fund problems since 1972," while failing to mention that no individual has ever lost money on any of these. It also quotes Peter Crane on the recent asset surge to $3 trillion and mentions cranedata.us.

Email This Article




Use a comma or a semicolon to separate

captcha image

Money Market News Archive

2024 2023 2022
March December December
February November November
January October October
September September
August August
July July
June June
May May
April April
March March
February February
January January
2021 2020 2019
December December December
November November November
October October October
September September September
August August August
July July July
June June June
May May May
April April April
March March March
February February February
January January January
2018 2017 2016
December December December
November November November
October October October
September September September
August August August
July July July
June June June
May May May
April April April
March March March
February February February
January January January
2015 2014 2013
December December December
November November November
October October October
September September September
August August August
July July July
June June June
May May May
April April April
March March March
February February February
January January January
2012 2011 2010
December December December
November November November
October October October
September September September
August August August
July July July
June June June
May May May
April April April
March March March
February February February
January January January
2009 2008 2007
December December December
November November November
October October October
September September September
August August August
July July July
June June June
May May May
April April April
March March March
February February February
January January January
2006
December
November
October
September