3 ms·
The rules around breaking the buck were significantly changed after 08. Funds can suspend transactions instead now.
by xxpor 8y ago
The rules around breaking the buck were significantly changed after 08. Funds can suspend transactions instead now.
- theseatoms 8y agoAs if not letting people out is better than letting them out at a haircut. Need to maintain the illusion of safety I suppose.
- xxpor 8y agoYeah. And the haircut is usually quite small. If I sold my money market for 98 cents on the dollar in a financial crisis I really wouldn't be that upset.