Money market fund - Wikipedia

@carlquintanilla.bsky.social
Defaults on commercial paper are rare, and cause concern when they occur. Notable examples include: #September15,2008, #LehmanBrothers caused two money funds to #BreakTheBuck (link) and led to Fed #intervention in money market funds.

en.m.wikipedia.org/wiki/Money_m...

Money market fund - Wikipedia

"Defaults on high quality commercial paper are rare, and cause concern when they occur.
Notable examples include:
On #September15,2008, #LehmanBrothers caused two money funds to #BreakTheBuck (link), and led to Fed intervention in money market funds.

en.m.wikipedia.org/wiki/Money_m...