The Washington Post writes "Money market funds come to their own rescue, SEC report shows". It says, "Now, the Securities and Exchange Commission provides another reminder that these funds are not as stable as the average mom-and-pop investor may think. The agency reported this month that nearly 160 money market funds have sought the SEC's permission to shore up their funds using cash from their parent companies since 1989 -- and that's not counting the requests made during the financial crisis years. Nearly a dozen events triggered the written requests, including headline-making events such as the bankruptcy of California's Orange County in 1994. But the requests were not immediately disclosed. The SEC did not make such letters public before the 2008 financial crisis. Now, they’re made public on a delayed basis to avoid instigating a run on a fund." The Post writes, "So investors may have been unaware that their money market fund had come under stress," according to the SEC report, which did not name the funds involved." It quotes Bob Plaze, "A 30-year history of fund managers always coming through is impressive. It implicity has suggested that sponsor support will always be available.... The problem is, nobody knows if the fund management can come up with the money in times of crisis."
