Wells Fargo took a $39MM charge to prop up its money market funds that had suffered losses, even though they were technically not required to:
Wells Fargo incurs $39 mln loss from money funds: Financial News - Yahoo! Finance
As a holder of Vanguards Prime MMF, do I need to be worried that if things get bad enough, eventually firms will be unable/unwilling to bail out money market funds since the $1/share stable value is not guaranteed?
Wells Fargo incurs $39 mln loss from money funds: Financial News - Yahoo! Finance
As a holder of Vanguards Prime MMF, do I need to be worried that if things get bad enough, eventually firms will be unable/unwilling to bail out money market funds since the $1/share stable value is not guaranteed?