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Message: breaking the buck

breaking the buck

posted on Sep 16, 2008 05:04PM

question: when is a money market fund not worth $1.00?

answer: when it holds $785 million worth of lehman bros commercial paper.

reverve primary fund fell to 97 cents due to losses on its investments. sooner or later, investors are going to find that physical gold and silver are safer than so-called "cash equivalents."

http://www.bloomberg.com/apps/news?p...

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