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One of the largest money market funds has frozen redemptions for seven days as the net asset value of its shares falls below $1.
THIS IS A MONEY MARKET FUND, NOT A MONEY MARKET ACCOUNT. MONEY...
More turbulence in the money market fund world as fallout from the Lehman collapse continues. Putnam closed its $12.3 billion Putnam Prime Money Market Fund while Dryfus and Columbia (a division...
Banks seem more competitive than ever to give away free gifts, cash, or other rewards to bring in new online customers. I think these deals might get even better if interest rates get lower and it...
Pimco, one of the largest bond companies in the world hasn't been redeeming its preferred auction rate security holders. It's still working through the mechanism of how to get the money back....
A division of Cantor Fitzgerald, Cantor Entertainment, recently filed for regulatory approval with the Commodity Futures Trading Commission (CFTC) for a commodities futures market called the...
The record prices some bottles of rare wine are now commanding has attracted interest in wine speculation. But is this really a prudent way to play around with your money? Peter Lunzer, a wine...
Politicians in Washington are considering legislation that would raise the tax rate on profits paid by the private equity industry. Although not necessarily intended to hit Venture Capital, as...
The responses to my previous post - Michael Moore and Me - have been very troubling to me for many reasons. I will try to respond to some of these issues here.
Some try to make private equity out to be the noble knight, who frees the damsel from distress and ensures a bright future. I think it's more like the hormone raging gigolo who is looking to love...
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