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Who Will Bail Out Insolvent Union Pension Funds?
Forbes ^ | August 5, 2016 | George Leef

Posted on 08/05/2016 6:19:53 PM PDT by reaganaut1

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To: headstamp 2

This is the article I found that best explains it.

http://www.bloomberg.com/news/articles/2016-08-03/muni-money-market-funds-decimated-by-rules-intended-to-save-them

What it all means is that you need a money market fund that invests only in short term government bonds. But there aren’t enough of those bonds to meet the demand.


41 posted on 08/06/2016 7:53:07 AM PDT by Brilliant
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To: Brilliant

Thanks for that.


42 posted on 08/06/2016 7:16:29 PM PDT by headstamp 2 (Fear is the mind killer.)
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