"Some money market funds flirt with 'breaking a buck'"

Dec 02 07

The Kansas City Star's Mark Davis writes "Some money market funds flirt with 'breaking a buck'". The "Road to Riches" column describes renent turmoil and bailouts, saying, "Still, some money market mutual funds have flirted with breaking a buck recently and sparked intervention by the companies that own companies that manage the funds.... Money fund owners have no reason to panic. These companies aren't about to let their reputations collapse over even the hundreds of millions of dollars it takes to shore up a wobbly money market fund. But the event is a stark reminder that any return on your money involves risk to your money." Also, see story on Canadian money fund bailouts, "Take the hit, avoid the crisis".

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