Sunday, November 2, 2008

GOT MONEY?

NEW YORK TIMES Reserve Fund’s Investors Still Await Their Cash By DIANA B. HENRIQUES Published: October 28, 2008 http://www.nytimes.com/2008/10/29/business/29fund.html?_r=2&sq=reserve%20primary%20fund&st=cse&scp=2&pagewanted=all&oref=slogin&oref=slogin The national “bank holiday” that ushered in the New Deal in 1933 locked up the public’s cash for four days. The crisis that hit last month at the Reserve Fund, the nation’s oldest money market fund, has frozen hundreds of thousands of customer accounts for more than six weeks — with no sure end in sight.

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