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Money funds are unlikely to fail like the Lehman Brothers saga again
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Some US money-market funds do not even buy the debt of US banks because their ratings often are not high enough.
PHOTO: BLOOMBERG
Alexis Leondis
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In recent history, when there have been tremors in the banking system, money-market funds have shuddered. People who had thought you put a dollar in, get a dollar out find that’s not necessarily the case.
If anyone is worried this time around – as would be natural – they can rest a bit easier.
