Crane Data Subscribers
Money Magazine writes on "The Money Fund Scare"
Oct 03 07
The October issue of Money Magazine (article not available online yet) writes about "The Money Fund Scare", saying, "Let's set the record straight. Money funds, though not FDIC-insured, invest only in high-quality debt with less than a year to maturity.... [S]trict Securities and Exchange Commission rules limit a fund's holdings below the very top credit tier to just 5%, a percentage that most money funds rarely come close to, according to Peter Crane of Crane Data LLC".
