Money-Market Funds That ‘Break the Buck’ Can Be a Memory: View

Most of us can reel off the institutions behind the financial crisis, names like Lehman Brothers, Fannie Mae and American International Group. Often missing from the roll call of ignominy is the Reserve Primary Fund, a money-market mutual fund. When it almost collapsed in the fall of 2008, the U.S. economy was pitched into a credit crunch that almost brought on the sequel to the Great Depression.