Bernanke Warns That "Money Market Mutual Funds Not 100% Safe"
- Tuesday, March 6, 2012, 0:20
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Federal Reserve Chairman Ben Bernanke was unusually candid yesterday at a Senate hearing when he admitted there were “still more risks” of a “run” in money market mutual funds” owned by investment giants such as Fidelity, Putnam and T. Rowe Price. “It’s not true that money market mutual funds are 100% safe,” he told a Senate committee hearing.
http://www.forbes.com/sites/robertlenzner/2012/03/03/bernanke-warns-that-money-market-mutual-funds-not-100-safe/
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