"​Jitters seep into money funds" says LA Times. "​Wall Street'​s deepening worries about who owes whom in the credit markets now are touching one of investors' most trusted places to keep cash: money market mutual funds. The $​2.​7-​trillion money fund business was thrown on the defensive Wednesday on fears that some corporate and financial-​company issuers of short-​term IOUs could have trouble making good on their debts," says the paper. It adds, "Many fund-​industry experts quickly advised against overreaction, noting that the rules governing money funds generally require them to stick with the highest-​quality securities and to limit how much they own of any one issuer'​s debt."

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