"Emergency action resurrects sector" writes the Financial Times, saying, "Money funds might just be the true come-back kid of the current financial crisis. Hit by a near-fatal blow to their safe-as-cash reputation in September, US money market fund assets have now been resurrected to pre-crisis levels." It quotes our Peter Crane, "Money funds had a near-death experience.... [But] 'unprecedented levels of support' from the US Treasury, Federal Reserve, and the companies that sponsor the products, 'appear to have saved the industry and solved the problem'."

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