Prime Suspect In The Money Market MurderMichael Schroeder
The collapse of Community Bankers' U.S. Government Money-Market Fund on Sept. 27 was a startling and highly unusual event: the first time a money-market fund dropped below $1 per share. The apparent reason for the collapse, though, seemed all too familiar: Once again, investment managers had been blinded by their love affair with risky derivatives.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.
- Fewest Jobless Claims Since 1973 Show Firm U.S. Job Market
- Greenwich Mansion Listings Pulled to Wait for a Better Day
- U.S. Stocks Climb With Treasuries as Dollar Slides: Markets Wrap
- The U.K.'s $86 Billion Pension Problem Is About to Solve Itself
- Germans Are Going Wild for a Show Set During the Dawn of the Nazis