"Money Funds Lag Despite U.S. Action"
"Money Funds Lag Despite U.S. Action" is another muckraker on money funds by The Wall Street Journal. It says [incorrectly], "Investors have been pulling assets from money funds since September, when a big offering called the Reserve Primary fund slumped because of its stake in commercial paper tied to dissolving Lehman Brothers Holdings." [Note: Money funds have seen assets break over $3.6 trillion recently, a new record level.] Also, WSJ writes "Spike in Failed Repos Strains Market" and Bloomberg writes "Fed Says Overnight Securities Excluded From Backstop". In rating news, see "Moody's assigns Aaa/MR1+ money market fund ratings to Sterling Gilt Liquidity Fund", "Moody's changes ratings designation of Aviva GBP and Euro Funds", and "Nedgroup Investments Funds PLC Assigned 'AAAf/S1+' Fund Credit Quality And Volatility Ratings".
