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Is Your Money Market Fund the Next Subprime Mortgage Debacle?
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The financial meltdown surpassed another dismal milestone today as the bankruptcy of Lehman Brothers forced one of the world's premiere money market funds to record a loss -- the first for such a fund in 14 years.
If you're scared that you, too, are going to get slammed, put your money in an FDIC-insured savings account and/or invest it in a money-market fund at a major firm that will be publicly humiliated if its funds drop. This is no guarantee, of course (the fund that lost money today is a big one), but it's better than investing in little money-market funds no one has ever heard of
Yahoo Finance Snapshot
BBC World Market Snapshot
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B) xUT