CR has been covering the fund issues, like "GE Bond Fund Breaks the Buck" which isn't about a money market fund (MMF) but is supposed to be similar to a MMF. Unfortunately, with the higher returns, you have to take higher risk and in this case, the risk resulted in a slight loss.
In similar vein, MarkeWatch has "Is your MMF safe? (Mounting concern about money-market funds: Investments seen as safe and secure face threat from bad debt holdings)." Some funds are suffering and companies have had to provide some support to prevent the funds from "breaking the buck." For example, Bank of America announced that it will pour in $600 million to prop up some funds.
Copyright 2007, DannyHSDad, All Rights Reserved.
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