Are money funds safe now?
October 15, 2008
You normally wouldn’t think twice about putting cash in a money-market fund. But when America’s original money fund company, The Reserve, announced in mid-September that investors in its Primary Fund would lose money, the news sent a chilling reminder to savers - who keep $3.4 trillion in such funds - that no money fund is completely safe.
http://rss.cnn.com/~r/rss/magazines_moneym…
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