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Monday, December 10, 2007

Some confusion in the blogosphere

There seems to be some confusion. CNBC, as quoted by Atrios and Calculated Risk, apparently reported that a $12 billion Bank of America money market fund for institutional investors had been frozen so that no one could withdraw funds from it. There seems to be some confusion. CNBC, as quoted by Atrios and , apparently reported that a $12 billion Bank of America money market fund for institutional investors had been frozen so that no one could withdraw funds from it. Reuters reports that the Bank froze new investments to the fund, not withdrawals. There is a BIG difference.

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