Fed Propping Up Money Market Funds

by James & Miel on October 21, 2008 · 0 comments

Hi All,

We’re both snowed under with non-blogging related work so this is posting will be quick. Evidently the Federal Reserve and JP Morgan are working together to provide a market for illiquid money market assets. Click here for the story at Bloomberg.

What this suggests is that the economy isn’t out of the woods yet.

Best,

James

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