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Does anyone have access to a WSJ to confirm that they said this?

No, but I've seen similar elsewhere. Basically, a lot of the money market funds charging high expenses are finding that their expenses are greater than the yield of the underlying paper. As long as the fund is charging 2% expenses and getting 1.77% on their T-Bills, they can't help but start claiming losses. The article I read indicated that a number of funds are now reducing or waiving their expenses, to prevent disaster, but it seems that something's going to have to give, sooner or later.

I've never found a single money market mutual fund that yielded higher than the best bank savings or money market account I could find online.
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