New York Times Says "The Fed's Sudden Action Eases a Logjam in Corporate Borrowing

Aug 18 07

New York Times Says "The Fed's Sudden Action Eases a Logjam in Corporate Borrowing. The article quotes Peter Crane, "Investment managers and portfolio managers who deal with hundreds of millions of dollars are very concerned, but the average investor should not be worried.... He said there was almost 'zero chance' that a money market fund would decline significantly in value."

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