September 2008
See also: Financial crisis of 2007–2010Money market funds increasingly became important to the wholesale money market leading up to the crisis. Their purchases of asset-backed securities and large-scale funding of foreign bank's short-term US denominated debt put the funds in a pivotal position in the market place.
The week of September 15, 2008 to September 19, 2008 was very turbulent for money funds and a key part of financial markets seizing up.
Read more about this topic: Money Market Fund
Famous quotes containing the word september:
“April is in my mistress’ face,
And July in her eyes hath place,
Within her bosom is September,
But in her heart a cold December.”
—Unknown. Subject #4: July Subject #5: September Subject #6: December. All Seasons in One. . .
Oxford Book of Sixteenth Century Verse, The. E. K. Chambers, comp. (1932)