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.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment