2007-11-26 — nydailynews.com
"The bailouts are not an exercise in altruism. Fund sponsors know their history. In 1994, money funds had about $600 billion in assets with roughly $5 billion in distressed securities. Unable to deal with the plunge in value of its holdings, one portfolio "broke the buck" - let share prices dip below the standard $1. The fund closed and lawsuits began."
source article |
permalink |
discuss |
subscribe by:
|
RSS |
email 
Comments: Be the first to add a comment
add a comment | go to forum thread
Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately.
