USA Today writes "Money market mutual funds are safe, but not perfect" in reader Q&A. The question was: "Can you verify that no one in the U.S. has ever lost money in a money market mutual fund?" Columnist Matt Krantz responds, "Money market mutual funds are extremely safe places to park cash. Next to putting your money in an FDIC-insured bank account, a money market fund run by a respected financial firm is one of the safest things you can do with your cash." He adds, "Just one money market fund allowed its shares to fall below $1, and that was Community Bankers US Government Fund in 1994." In other news, Reserve issued a press release yesterday afternoon entitled, "The Reserve Mourns and Remembers Former Partner, Henry "Harry" B.R. Brown."
