Paris has demanded tighter rules on foreign funds, setting off a public spat with Washington, which is worried U.S.-based groups could be blocked from Europe.
Investor confidence in money funds, long considered as safe as bank deposits, was shaken on Sept. 16 when losses at a multibillion-dollar money fund set off weeks of withdrawals.
Still rehabbing family's reputation after son Edward, former head of Canary Capital hedge fund, set off 2003 mutual fund scandal with improper market-timing trading scheme.
President Clinton has vowed to block the man Europe wants to head the International Monetary Fund, setting off a possibly protracted contest for control of the financial institution and most likely casting the United States in the role of kingmaker.
In that address, Monsignor Belford said concerns about misuse of funds were set off last November when undocumented checks reportedly from Our Lady of Sorrows were being cashed.
Mr. Kanze and his wife, who has been a naturalist and a museum educator, and is currently activities director at a retirement home, pooled their funds and set off for that continent.
Letting Lehman Brothers fail threatened to crush money funds and set off a chain of failures, from AIG to Goldman Sachs, that would have indeed wasted the economy and potentially thousands of Main Street banks.
Any kind of loss by a fund can set off a run.
I took my hard-won individual support package funding and set off to lead an independent life.
A collapse of the fund would set off a broader fiscal emergency, with officials forced to make excruciating choices among paying schoolteachers and the police, fixing the roads, providing drinking water and paying all those far-flung bondholders on time.
Once Posner left Warburg Pincus three years later to start his two Hygrove Partners hedge funds, his departure set off a flurry in the financial press about talented mutual fund managers leaving for the hedge fund world.
