Still Think That Money Market Fund Is “Cash”? - By John Rubino (30/7/12) PDF Print E-mail
John Rubino   
Monday, 30 July 2012 10:02

Dollarcollapse.com

When investors decide to close out their riskier positions and move into “cash”, they don’t actually go to the bank and get a stack of twenties. Most just sell their stocks and let their broker sweep the proceeds into a money market fund which, they assume, is the same thing as cash because it holds high-quality short-term commercial paper that almost never defaults.

That pleasant assumption breaks down as soon as you look at a typical money market fund’s holdings and see that it owns, among other disturbing things, a lot of European bank debt.

But at least you can get your money out with a mouse click, right?

Well, maybe not. Apparently the Fed, cognizant of the potential weakness of the money fund system, is considering withdrawal limits:

Fed Eyes Limiting Money-Market Fund Withdrawals

NEW YORK–The Federal Reserve Bank of New York said it supports limiting some types of money-market fund withdrawals in a bid to protect those funds from suffering the equivalent of a bank run.



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The Few Banks That Own All - 147 Corporations, Mostly Banks, Control 40% Of The World's Wealth - By Anthony Migchels (30/7/12) PDF Print E-mail
Anthony Migchels   
Monday, 30 July 2012 10:00

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An Open Letter To Warren Buffett - By George Reisman (30/7/12) PDF Print E-mail
George Reisman   
Monday, 30 July 2012 09:59

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Stephen Roach Smokes Crack-Addicted Market "QE3 Is Not Going To Work" - By Tyler Durden, Zero Hedge (27/7/12) PDF Print E-mail
By Tyler Durden, Zero Hedge   
Thursday, 26 July 2012 20:50


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Why Listen To Keynes In The First Place? - By James E. Miller, Zero Hedge (27/7/12) PDF Print E-mail
By James E. Miller, Zero Hedge   
Thursday, 26 July 2012 20:48


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