StainlessSteelRat
02-13-2009, 02:48 AM
Anyone hear anything about 1/2 trillion dollars being withdrawn from US money market in a 2 hour period on Sept 18th? Which may have led to the Fed freezing the market and the eventual 350b bailout being face-tracked into the system?
Possibly related:
http://bulletin.aarp.org/yourmoney/personalfinance/articles/money_market_fund_breaks_the_buck_freeze s_withdrawals_for_seven_days.html
http://en.wikipedia.org/wiki/Money_market_funds
http://meganmcardle.theatlantic.com/archives/2008/09/putnam_closes_a_money_market_f.php
Here it is:
http://wallstreetblips.dailyradar.com/video/rep_kanjorski_550_billion_disappeared_in _electronic/
Possibly related:
http://bulletin.aarp.org/yourmoney/personalfinance/articles/money_market_fund_breaks_the_buck_freeze s_withdrawals_for_seven_days.html
http://en.wikipedia.org/wiki/Money_market_funds
http://meganmcardle.theatlantic.com/archives/2008/09/putnam_closes_a_money_market_f.php
Here it is:
http://wallstreetblips.dailyradar.com/video/rep_kanjorski_550_billion_disappeared_in _electronic/