Monline difficulties spill over into money market funds
Monolines problems will in turn engender large losses, and potential runs, on the money market funds that invested in these toxic products.
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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Pathology in the Credit Default Swaps market »Pathology in the Credit Default Swaps market
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Monoline insurers struggling to meet guarantees »Monoline insurers struggling to meet guarantees
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Monline difficulties spill over into money market funds
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