[lbo-talk] Fidelity, Vanguard going under?

[Jesse Lemisch]

Thanks, Doug. Yes, my friend is concerned about money market funds. (His
name, by the way, is David Swenson).

Jesse

----- Original Message -----
From: "Doug Henwood" <dhenwood at panix.com>
To: <lbo-talk at lbo-talk.org>
Sent: Wednesday, January 30, 2008 8:04 PM
Subject: Re: [lbo-talk] Fidelity, Vanguard going under?


>
> 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.
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