How to pronounce “money market fund” in English

There wasn't a will, they didn't do it, and the rest has become history, as they say.So, not only was there this money market fund problem, but this decision to let Lehman Brothers go stunned the rest of the world. A European central banker I know said to mea few weeks later, "In my country, we don't let dry cleaners fail.

And within six months, it was $100 billion, US dollars, funds had gone into that account.And became, I think, the second largest money market fund in the world, overnight, pretty much.Because Chinese banks are products of the-- some of them are better, like China Merchants Bank.

So the 'bao'-- the idea is that people had this money sitting in their accounts, these Alipay accounts.And Jack said, well, why don't we just launch a money market fund?We'll give you 2% higher rates of interest than the banks.