I try not to post on what other bloggers post (who do a better job than me), however, every now and then something pops up that is surprising.
Remember, per Bernanke and Paulson this issue is contained to subprime. Nevermind, Alt-A, Prime, Hedge Funds, European Banks, Money market funds, ....
From the Big Picture:
That's right, some Money Markets -- safe as cash, totally liquid -- are halting redemptions.
Note: there is a big difference between Money Market Funds, and "enhanced" Money Market Mutual Funds -- namely, whether or not they are FDIC guaranteed to $100k.