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IPFS News Link • Economy - Economics USA

GE's "enhanced" cash fund breaks the buck

11-15-2007 • MISH: Global Economic Analysis

Money markets have always been considered a safe haven. Not any more. For a paltry extra .1% in yield, many money market funds have invested in SIVs and other toxic debt. BofA, Credit Suisse, Wachovia, and Legg Mason have all shored up money markets

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