On Jan 30, 2008, at 7:55 PM, Jesse Lemisch wrote:
> What are the chances that money markets (e.g. Fidelity, Vanguard)
> would go
> under and disappear people's money?
Money market funds or whole mutual fund groups?
Mutual funds based on stocks can get totally hammered. But the fund groups, and no doubt The Authorities, would do nearly anything to keep a money market fund from "going under." Or even "breaking the buck," i.e., allowing the share price to fall under $1.00.