WhenonefundbrokethatpromiseafterLehman Brothers collapsed, the run on moneyfundsthreatened to do so muchdamage to the creditmarketsthatthe Fedfeltcompelled tostep in.
When one fund broke that promise after Lehman Brothers collapsed, the run on money funds threatened to do so much damage to the credit markets that the Fed felt compelled to step in.
Many venture-backed private companies have become attractive targets for larger publicly traded companies that have run up against too much competition from private equity funds to buy older growth companies.