Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: OafOfOffice

The amount of money that was flying around the debt markets in Sep/Oct 2008 dwarfed any single bank’s or fund’s size.

To take down the money market funds in the US, we’re talking of moving hundreds of billions of dollars in a few hours. The Fed went into full panic when they saw in excess of $550 billion move out of money market funds in two hours.

Soros is rich, but he isn’t that rich, and he can’t affect that much money in such a coordinated fashion. The money flows can be easily explained in the height of a panic among “professional” money managers who saw all of their assumptions about how markets worked being broken in quick succession.


92 posted on 01/03/2010 7:41:25 PM PST by NVDave
[ Post Reply | Private Reply | To 85 | View Replies ]


To: NVDave

http://www.portfolio.com/views/blogs/market-movers/2009/02/11/kanjorski-and-the-money-market-funds-the-facts/


95 posted on 01/03/2010 7:46:11 PM PST by Pelham (ObamaCare, it comes with a toe tag)
[ Post Reply | Private Reply | To 92 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson