The money will stay in short term notes while Rahr interviews candidates to run his hard earned cash.
That liquidity crisis is why the Federal Reserve had to step in last week and act as commercial bank of last resort, agreeing to buy short term notes called commercial paper directly from companies.
Companies put money in short term Treasury notes and bills to settle trade payments.
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This occurs through Federal Open Market Committee activities where the Fed buys and sells short term treasury notes.
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Money market funds may also invest in municipal bonds backed by state governments, short-term notes issued by corporations, or CDs.
"People are talking and this can't help them, " said Brian Thomas, chief financial officer of the Metropolitan Water District of Southern California, which has issued short-term notes through underwriters including Goldman.
There will be more bank failures no matter what, but the government wants to prevent otherwise healthy banks from unnecessarily failing because they are unable to sell short-term notes and bonds to fund their own activities.
Grant suggests selling home builder stocks and buying short-term Treasury notes.
Last month Nottingham City Council started demanding sick-notes for short-term absence, sparking a protest among local doctors.
The railway ministry, which is China's largest corporate-bond issuer, used all of last year's quota for long-dated bonds and also raised an additional 50 billion yuan via short-term bills and medium-term notes.
The RBC analyst also notes that there is probably a contingent of investors concerned about the short-term dynamics of the medical devices sector.
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