Wall Street Journal writes "​Money Funds Fret Over Merrill Downgrade". In an apparent attempt to write an article a day on money funds, the Journal speculates that a downgrade of Merrill Lynch may impact tax-​exempt money market funds. "​The downgrade is raising questions about whether these mutual funds -- primarily tax-​exempt, money-​market funds -- can continue to hold some short-​term municipal securities tied to Merrill. The securities in question total an estimated $​4 billion to $​6 billion," says the WSJ.

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