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Home > The First Money Market Casualty Of The ECB: JP Morgan

The First Money Market Casualty Of The ECB: JP Morgan

By Tyler Durden
Created 07/06/2012 - 06:45
Tyler Durden's picture [1]
Submitted by Tyler Durden [1] on 07/06/2012 06:45 -0500



 

Yesterday, the ECB took the rate on its deposit facility to 0.0%. Today the money market casualities begin. Then again, as reported over two years ago [2], forcing MM investors out and into stocks is what the plan was all along.

[3]

 

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Source URL: http://www.zerohedge.com/news/first-money-market-casuality-ecb-jp-morgan

Links:
[1] http://www.zerohedge.com/users/tyler-durden
[2] http://www.zerohedge.com/article/government-your-legal-right-redeem-your-money-market-account-has-been-denied
[3] http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2012/07/JPM%20MM.jpg