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Seattle Bubble Forum Archive • View topic - GE money fund

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GE money fund

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GE money fund

Postby laxtosnoco » Wed Nov 14, 2007 6:47 pm

This should wake some people up:

GE money fund redeeming 96 cts on dollar-Barron's

NEW YORK, Nov 14 (Reuters) - A $5 billion money market fund run by General Electric Co's (GE.N: Quote, Profile, Research) asset management unit is offering investors an option to redeem their holdings at 96 cents on the dollar, Barron's Online reported on Wednesday, becoming the latest casualty of turmoil in U.S. mortgage and credit markets.

Full article from Reuters: http://www.reuters.com/article/bondsNew ... 9920071114
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Postby TJ_98370 » Thu Nov 15, 2007 9:22 am

.
A relevant article methinks:


.
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Postby AwaySooner » Thu Nov 15, 2007 3:03 pm

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Postby biliruben » Thu Nov 15, 2007 3:24 pm

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