Wednesday, October 1, 2008

WSJ finds the cause!

In an article entitled Reserve Fund Will Return $20 Billion to Investors the Wall STreet Journal states that by "breaking the buck" (allowing the Net Asset Value of a money market fund to fall below $1), Money-market fund Reserve Primary Fund ... helped set off the financial crisis."

Say what? Helped set off the crisis? Were not the causes greed and unrestrained lending? Oy, for good copyediting.

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