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Article: Is your money market safe from mortgage mess?

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The Record (Bergen County, NJ)
Article date:
November 27, 2007
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TIM PARADIS, THE ASSOCIATED PRESS
The Record (Bergen County, NJ)
11-27-2007

Is your money market safe from mortgage mess?
By TIM PARADIS, THE ASSOCIATED PRESS
Date: 11-27-2007, Tuesday
Section: BUSINESS
Edtion: All Editions
Column: PERSONAL FINANCE

One of the safest and, lately, most attractive places for people to park some of their savings — the money market account — is suddenly looking a little less secure thanks to fallout out from the mortgage mess.

Bank of America Corp. last week became the latest financial company to announce plans to shore up a group of money market funds, in its case with a $600 million reserve. The move raises questions about whether this category of savings ...

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