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Archive Home > 2011 > June > 29 > Greek default could be risk for money market funds

Greek default could be risk for money market funds

By Graham Bowley / The Bulletin
June 29, 2011

Money market funds have long been a popular haven for conservative investors, but they could become one way that the tremors of the financial crisis in Greece touch the pocketbooks of Americans — about 50 million of them.

For years, U.S. fundshave taken investors’ money and lent it out where....

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