The Reserve Primary Fund (RFIXX) took a $785 million hit due to Lehman bankruptcy and is at 97 cents and redemptions are frozen. I remember seeing this as an offering on TD Ameritrade's Apex as a cash management option. Not sure, need to check.
I am glad that my money market funds are in firms large enough to subsidize it. Wachovia (WB) is backing their Evergreen money market funds and so are other firms.
I am glad that my money market funds are in firms large enough to subsidize it. Wachovia (WB) is backing their Evergreen money market funds and so are other firms.
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