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Money Market Mutual Funds Should Continue To Worry Investors

August 26, 2009

Analysis of:Volcker Says Money-Market Funds Weaken U.S. Financial System | www.bloomberg.com

Money market mutual funds should continue to worry investors, as they were at the very heart of the sub-prime crisis that caused our financial markets to melt down not once, but three times over the last two years. Paul Volcker, the former Federal Reserve Chairman, was interviewed by Bloomberg News and his comments are very newsworthy, but money-markets are not a "sexy" segment of the financial markets, so the media will likely ignore his warnings. His warnings need to be heeded.

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