"Reserve Money Fund Falls Below $1 a Share" says Bloomberg, More News
Reserve Primary Fund's "breaking the buck" is all over the news today. The first to break was Bloomberg's "Reserve Money Fund Falls Below $1 a Share". Other coverage includes: USA Today's "Reserve Primary money market fund breaks a buck", NY Times' "Money Market Fund Says Customers Could Lose Money", WSJ's "Money Fund, Hurt by Debt Tied to Lehman, Breaks the Buck", LA Times' "Money market fund 'breaks the buck' on Lehman IOUs", Dow Jones' "Reserve's Primary Fund To Be Valued Below $1/Share", Barron's "Not Even Money Funds are Safe", Crain's NY Business' "Big money market fund freezes withdrawals", and MarketWatch's "Money market breaks the buck, freezes redemptions". See also ICI's "Statement on Money Market Mutual Funds".
