BusinessWeek writes "'​They Forgot What a Money Fund Was'". The article interviews Bruce Bent, who "​created the first money market fund in 1970." It says, "[​T]​he prevailing attitude was that any idiot could master cash management. But that was before some of the ultraconservative funds were caught with their hands in higher-​yielding short-​term securities that wound up part of the subprime mess." Bent also discusses municipal insurer exposure in Reserve'​s tax-​exempt money funds, what to look for in a money fund, and "​enhanced" Reserve Yield Plus fund.

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