The Day Has Arrived: As Of Today Prime Money Markets Can Suspend Withdrawals – Here Are The Implications

by Tyler Durden
ZeroHedge.com
Oct 14, 2016

The big day has finally arrived: starting today, many prime money market mutual funds (those that invest in non-government issued assets such as short-term corporate and municipal debt) to float their net asset value. More importantly, these prime MMFs are allowed to delay client withdrawals under adverse market conditions.

The Rest…HERE

This entry was posted on Friday, October 14th, 2016 at 3:50 pm and is filed under Conspiracy, Corruption, Economics, Government Evil, New World Order. You can follow any responses to this entry through the RSS 2.0 feed.