and said it would provide liquidity. Now besides sweating sub-prime, junk bonds, LBO loans, and CDOs the credit markets are now sweating money market funds.
Didn't those bankers just say there was "no contagion" and sub prime is "contained"?
What's causing this run?
BNP Paribas halted withdrawals in two billion worth of funds because they couldn't calculate the value, while just 8 days ago, the chairman of BNP didn't see any problems in their funds "yet".
Maybe he's been having lunch with Chairman Bernanke.
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