Sixty-two money market funds in the U.S. and Europe nearly broke the buck during the financial...

|By:, SA News Editor

Sixty-two money market funds in the U.S. and Europe nearly broke the buck during the financial crisis, according to Moody's, and at least 20 firms that manage "prime" money funds had to inject at least $12.1B into their funds to preserve principal. Moody's didn't identify the funds.