Fed Sets Up New Program to Buy Assets From Money Market Funds (debt, paying)

[baystater]

Bloomberg.com: Worldwide

``The short-term debt markets have been under considerable strain in recent weeks as money market mutual funds and other investors have had difficulty selling assets to satisfy redemption requests,'' the Fed said in a statement released in Washington today. The new program ``should improve the liquidity position of money market investors.''

Holy $H!T! You know when the money market are having problems paying........it game over..........thank for playing kids.