Record Levels of Corporate Cash: "Greatest Surge Ever Seen". Today, we excerpt from the April issue of
Money Fund Intelligence, which ran an article entitled, "
Comparing Online Money Market Trading Portals". In it, we'
re discussing the record levels of corporate cash, and quote
Marianne Bamonte of
LaSalle MoneyMarkets Express , "
It'
s probably been the greatest surge that I have seen.... We'
re close to $
6 trillion.... Money market funds have been sitting so pretty for awhile now."
Citi Online's Elyse Weiner adds, "
We know we'
re looking at historic levels of cash, and there are reasons for it. Now the questions is, '
Is it going to stay or is it going to leave?'"