"​Student-​Loan Issues Under Stress" says Wall Street Journal. This piece erroneously implies that money market funds are associated with auction-​rate securities, saying, "Wall Street'​s financial-​engineering machine bundles together long-​term student loans and uses them as collateral for short-​term investments owned by money-​market investors." Money market funds cannot invest in ARS, which have seen a number of failed auctions recently, because of their lack of a hard "​put". (​ARS are short-​term investments, not "​money market" securities.) See also WSJ'​s "​Standard Chartered'​s SIV Plan Collapses".

Your Name:
Your Email:
Recipient Email(s):

Use a comma or a semicolon to separate

Please retype symbols from the image:

Optional Message

Daily Link Archive