posted under sexy-news by jay

Reserve Primary Fund “breaks the buck” as many say. What that means is the fact that the money market fund finally fell below $1 a share which is going to worry and cause a lot of havoc for many companies.

The Reserve Primary Fund is a money market fund that was invented back in 1970, but this is the first time that it fell below $1 a share in the past fifteen years. Of course, the whole issue behind this was the fact that the firm had about $800 million in Lehman notes and commercial paper.

And as you guys should know, especially the fact that it is all over the news and internet as well as the fact that you guys probably own some shares of it, Lehman Brothers filed for bankruptcy yesterday so everyone is panicking.

Now everyone is extremely concerned because this is only the second money market fund in U.S. history to “break a buck.”

I wonder what’s going to happen… I hope this doesn’t happen but there are some people predicting a possible stock market crash. And I can tell you, there will be millions of people running around in panic!