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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....
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...
Consumer advocates have long denounced annuities for their high commissions, complex terms and high early surrender charges. Recently many have also warned about their safety as many insurance...
Harvard today announced that its endowment had dropped by 22% or $8 billion. The loss is greater than the total endowments of all but 4 universities. This marks the popping of one of the last...
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...
Here's a good review of the new LendingClub which has finished their SEC filing and is one of the only P2P lenders currently operating (everyone else is either shut down or is in an SEC quiet...
The $40 billion Reserve Primary Money Market Fund that broke the buck is liquidating and its investors are slowly getting their money back. To date, about 30% of invested money has been returned....
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...
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