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Rating:USAT Rehashes Reserve's Pain Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, November 11, 2008

USAT Rehashes Reserve's Pain

by: Neil Anderson, Managing Editor

USA Today just brought the Reserve Primary Fund tale to the broader public. The paper's Kevin McCoy penned a long feature on the saga of the money fund that first broke the buck nearly two months ago (see MFWire, September 17, 2008).

For the full story on the the death of the Reserve and its Primary Fund, see MFWire's timeline.

USAT isn't the first national paper to react to the Reserve. In late October, Diana Henriques of the New York Times compared the firm's woes to the Great Depression (see MFWire, October 29, 2008). And for a look at how shareholders are reacting to the Primary Fund saga, check out MFWire from October 31. 

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