Rolf Englund IntCom internetional
540 billion dollar
Rolf Englund: Det är väl mycket illa att det behövs
Money market funds have faced severe redemption pressures since the financial crisis deepened last month, forcing them to raise cash by scaling back their short-term lending to banks and selling their holdings of commercial paper.
The money market, not the stock market, is where this financial crisis is playing out first and foremost.