Money Market Mutual Funds spooked
Money market mutal funds—like a savings account, offering small safe return from lending to huge trusted companies that have been paying back the loans for decades—lost confidence in the market.
Immediately related elementsHow this works
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The Global Financial Crisis »The Global Financial Crisis
Immediate triggers of the financial crisis? »Immediate triggers of the financial crisis?
Sudden evaporation of market confidence/trust »Sudden evaporation of market confidence/trust
Commercial paper market froze up suddenly »Commercial paper market froze up suddenly
Money Market Mutual funds moved into Treasury Bills »Money Market Mutual funds moved into Treasury Bills
Money Market Mutual Funds spooked
AIG rescue »AIG rescue
Lehman Bros bankruptcy forced the Reserve Fund to break the buck »Lehman Bros bankruptcy forced the Reserve Fund to break the buck
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