Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Off Topic
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 16 years ago on . Most recent reply

User Stats

1,821
Posts
447
Votes
Richard Warren
  • Real Estate Investor
  • Las Vegas, NV
447
Votes |
1,821
Posts

A New Type of Run on Banks?

Richard Warren
  • Real Estate Investor
  • Las Vegas, NV
Posted

Money market funds, while uninsured, have always been deemed to be safe. The funds sought to maintain a $1 share price and only invested in the safest short-term instruments available. Yet Putnam Funds just closed a $12 billion Money Market Fund due to redemptions by major institutional investors. The fund has absolutely no exposure to the assets that experiencing turmoil yet the fund closed due to fears of a panic. The redemptions caused the shares to fall below the $1 mark.

Could the money market funds be the next wave of investor panic?

See article: http://news.yahoo.com/s/ap/20080918/ap_on_bi_st_ma_re/wall_street


:cool:

Loading replies...