I used to work at Mutual Funds magazine, before Time Inc. shut it down, so give a girl a break for caring about the following. Yesterday American Beacon, a firm that manages $30 billion in assets, sent out word that for the foreseeable future if institutions want to cash out of its money market fund, [...]

Wanna hear me blabber on with Warren Olney of Public Radio International’s To the Point about financial stuff? I knew it!

I just had an interesting conversation with Tom Newton, the co-founder of Institutional Cash Distributors, a company that runs a trading platform for folks like state treasurers and corporate cash managers to buy and sell money markets. I was curious to know where institutional investors moved their money to after withdrawing it from that Putnam [...]

John McCain, after feinting in the direction of SEC Chairman Chris Cox, has decided that Fannie Mae and Freddie Mac are to blame for all our nation’s ills. This would be convenient because Fannie in particular had a long and lucrative symbiotic relationship with the Democratic Party. But is it true? Fannie and Freddie were [...]

I know AIG was like half a dozen freak-outs ago, but I was still happy to see in the WSJ this morning that the insurance company’s new CEO is talking about what’s next. Happy because I’m sure a lot of people with AIG policies want to know. Here’s an excerpt: Edward Liddy, the new chief [...]

This morning Treasury came out saying it would backstop money market mutual funds, shoring up investor confidence to prevent a mass exodus. As I wrote yesterday, that’s the much bigger threat to money markets right now—mass redemptions, not funds marking down the value of bad assets (e.g., commercial paper from the now-bankrupt Lehman Brothers). You [...]