Now that the recession is over for the wealthy, and the depression still very much around for all other American economic classes, Moody's released a very curious report today about the 2008 money market fund crisis. The Washington Post, to its credit, gave the story some play on its website's landing page.The gist of the story: the 2008 money market fund crisis was far, far worse than first reported. Not just one money fund was ready to sink. No, not just two funds, not just three or four. Try over thirty of the "safe" funds were quite unsafe.
How full is your mattress?
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