Ep, 10: Broken Bucks, Money Funds that Took Taxpayer Guarantees in 2008
The Finance Professor Podcast

Ep, 10: Broken Bucks, Money Funds that Took Taxpayer Guarantees in 2008

2019-03-18
Find out about the secret $2.7 trillion bailout of Money Market Mutual Funds MMMFs in 2008. The collapse of Lehman Brothers its commercial paper default caused the Primary Reserve Fund to "break the buck" or sell for less than $1.00 per share.  Wilson, Linus, Broken Bucks: Money Funds that Took Taxpayer Guarantees in 2008 (August 28, 2015). Available at SSRN: https://ssrn.com/abstract=2195358 or http://dx.doi.org/10.2139/ssrn.2195358 The U.S. Treasury rolled out a bailout guarantee on September 19, ...
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