​ Money Funds Make Front Page of Boston Globe (​Along With Red Sox). Today'​s Boston Globe features an article entitled "Credit crunch highlights risks in money markets", which asks "How safe is your money fund?". Like many recent articles, the title is much scarier than the actual text. The Globe piece mentions SIVs (​structured investment vehicles) and Wachovia'​s $​40 million buyout of securities from its Evergreen funds, and discusses the minor historical SIV holdings of Fidelity and Columbia. It also briefly explores the history of money fund credit events, mentioning Community Bankers US Government Money Fund (​though incorrectly stating its liquidation at 94 cents instead of 96 cents). The Globe says, "Moody'​s knows of 145 serious cases of money-​market fund problems since 1972," while failing to mention that no individual has ever lost money on any of these. It also quotes Peter Crane on the recent asset surge to $​3 trillion and mentions cranedata.​us.

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