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67How Safe is Your Money Fund?
On September 15,2008, the Reserve Primary Fund, a giant money market fund whose parent helped invent that investment, said its customers would lose money. Instead of each share being worth a dollar for every dollar invested, it said its customers' shares were worth only 97 cents. In Wall Street parlance, it "broke the buck," a rare occurrence.
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66Credit Unions are Worth a Second Look
Many credit unions are capitalizing on the outrage against Wall Street banks, aggressively promoting their advantages such as more personalized service and fewer and lower fees compared to the big Wall Street banks. The television commercials...
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