Subprime Infects $300 Billion of Money Market Funds, Hikes Risk

Discussion in 'Wall St. News' started by THE-BEAKER, Aug 20, 2007.

  1. Daal


    "Under SEC rules, money market managers must invest in securities with ``minimal credit risks.'' Joseph Mason, a finance professor at Drexel University in Philadelphia and a former economist at the U.S. Treasury Department, says subprime debt in money market funds is far from safe."

    lol, where was this guy one year ago ?probably teaching efficient market hypothesis and saying how advanced finance is these days