Bloomberg TV "​Crane Says Reserve Primary Fund Loss an '​Isolated Case'". Last night, Bloomberg TV'​s Bernard Lo talked with Peter Crane, founder of Crane Data LLC, on "losses sustained by the Reserve Primary Fund and the impact of the losses on demand for money-​market funds." Bloomberg says, "The Reserve Primary Fund became the first money-​market fund in 14 years to expose investors to losses after writing off $​785 million of debt issued by bankrupt Lehman Brothers Holdings Inc., sapping confidence in assets once considered among the safest. The oldest U.​S. money-​market fund suspended redemptions and its net asset value fell below $​1 a share."

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