Reserve Primary announced this week that it had "Broke the buck" on its $1.00 per share net asset value because of some Lehman paper in the portfolio that was marked down to zero. It also announced that it had put a 7 day freeze on redemptions.
So all money market shares are now worth less than a $1 each?
3 posted on 09/18/2008 9:51:56 AM PDT by OB1kNOb
(When a Rothschild says they don't like you because you're too elitist, you're politically screwed!)