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
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Immediate triggers of the financial crisis? »Immediate triggers of the financial crisis?
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Sudden evaporation of market confidence/trust »Sudden evaporation of market confidence/trust
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Commercial paper market froze up suddenly »Commercial paper market froze up suddenly
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Money Market Mutual funds moved into Treasury Bills »Money Market Mutual funds moved into Treasury Bills
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Money Market Mutual Funds spooked
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AIG rescue »AIG rescue
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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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