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Money Funds

It's 2012: Do You Know Where Your Money Market Fund Is?

Sheila Bair | Posted 04.30.2012 | Money
Sheila Bair

Would you take money that your daughter needs for braces and make a short term loan to a Wall Street firm? Probably not, but if you've put your ready cash in a prime money market fund, those are the kinds of places where your money may be sitting now.

Fed To Provide Up To $540 Billion To Aid Money Funds

Bloomberg | Craig Torres and Christopher Condon | Posted 05.25.2011 | Business

Oct. 21 (Bloomberg) -- The Federal Reserve will provide up to $540 billion in loans to help relieve pressure on money-market mutual funds beset by re...