Wall Street Journal Speculates on Money Funds

Dec 18 07

Wall Street Journal speculates "Credit Crunch Could Worsen if... Bond Insurers Sink, 'Buck Breaks'". While the "scenarios have, by all accounts, a slim chance of occurring", that doesn't stop the Journal from wondering if bond raters all get downgraded and what would happen if money funds lost investors confidence. Thankfully, it's pure fiction. WSJ also writes "Legg Lags in Year to Forget" which describes overblown concerns about SIV exposure and Moody's recent downgrade (see Saturday "Link of the Day").

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