Blogged in Repowatch July 2010
Simon Boughey also wrote about the problem, in a July 4 column in the Financial News, a UK sister publication to the Wall Street Journal:
There is accumulating evidence that money market funds are reluctant to extend transatlantic credit. This, of course, recalls the dark days of late 2008 and early 2009 when banks stopped lending to each other. European banks couldn’t get their hands on dollars for love or money, and short-term borrowing rates went through the roof.