“Total horsecrap - bad article, don’t believe it for a minute. “
So you are saying it was clearly due to a coincidence?
I’m not saying it’s not coincidence but that would make it so . . . coincidental.
Look, I see it this way. I don’t believe for a minute that swfs (sovereign wealth funds) or other large entities like banks keep their funds in the Reserve MM fund.
That’s usually a place for the retail customer, the average joe in a 401K, pension fund or j6p to keep money deemed almost as liquid as cash.
So when Reserve broke the buck and it became widely known, and you are j6p who parked money in some MM fund for what you thought was a safety play, what would you do ? Leave it there, or get it out and into something FDIC-insured ?
I know when I heard that on 9/18 I ran for the hills with the stash I had (I put in a sell order at Vanguard to wire it to my checking account). I know a lot of people who did the same thing.
So no - unless they track the outflow to overseas banks and the like, they know exactly where the money went if it went to US banks and to whom it was deposited.
Why they’re not saying...well, it just gives them more leeway to create the story they want to achieve their goals, which was a bill giving 700 Billion taxpayer dollars to the Wall Street pigmen..