Bloomberg TV "Crane Says Reserve Primary Fund Loss an 'Isolated Case'". Last night, Bloomberg TV's Bernard Lo talked with Peter Crane, founder of Crane Data LLC, on "losses sustained by the Reserve Primary Fund and the impact of the losses on demand for money-market funds." Bloomberg says, "The Reserve Primary Fund became the first money-market fund in 14 years to expose investors to losses after writing off $785 million of debt issued by bankrupt Lehman Brothers Holdings Inc., sapping confidence in assets once considered among the safest. The oldest U.S. money-market fund suspended redemptions and its net asset value fell below $1 a share."

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