Crane Data Subscribers
"Your money market mutual fund is safe, for now" says USA Today. The Q&A says, "Money market funds are usually safe. And that's never been more true. I'll explain why in a bit." In other news, more on Reserve's travails in the Chicago Tribune's "Fund losses fuel customers' anger", which discuss the "angry TD Ameritrade customers whose almost $1 billion in assets are frozen in a short-term bond fund called Reserve Yield Plus." Finally, see the South Florida Sun-Sentinel's "Fear in money market sector easing after intervention". It quotes Peter Crane, "It looks as if it's still a delicate situation, but the money markets in general have been recuperating."
