Reserve Primary Fund: A Money Market Nightmare

Reader Comments
Back to blog

How did this happen? Investors were told funds invested in government paper, treasuries, etc.
Will there be any help for those who recently put money in the fund?

Lady Jane of MA 7:28PM November 10, 2008

Hey, "primary reserve---for who?
you really need to relax and stop with the violence. banks made bad investments and that is life. you take a chance when you put money in a poorly managed company like Reserve. let the law work itself out.

pat colleti of AK 2:40PM November 04, 2008

This is a travesty. All should be shot, the sec, management, brokers, salespeople, but especially our government.
Senators congressmen, Bush Clinton and their crews. Once shot bring on the new team, if they screw up, they're next to be shot.
One execution should fix everything. Only 1 term for politicians, and only 10 years max government employment. God Bless Americans and boot the politicians Pac's and regulators.
It starts now, campaign finance reform with equal dollars to candidates. 1 term, no continuing benefits, reform executive compensation, to 100 times the max of the lowest paid worker. It is an easy fix. But watch our leaders continue to lead us into the abyss. Love you all

Mr. Ed of 9:18PM November 03, 2008

My money is locked away. There customer service people keep saying the same thing that they are working the problem. I pray to God that this is resolved soon. I have had to borrow money from my brother to pay my bills and he also has money tied up at that horrible finacial institution.

Emory Jacobson of PA 3:56PM November 03, 2008

I believe that Bruce Bent and his two son's have made a mockery of the money market financial system. I am sure they are not losing any money or sleep like the main street investor. It is a real shame that they took advantage of investor trust and confidence. I hope the SEC looks into the Reserve Management corporate account. I am sure there are a great many suspicious transactions.

Sharon P. of VA 3:50PM November 03, 2008