The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Les H who wrote (151091)	9/26/2008 10:35:13 PM
From: Les H	Read Replies (1) of 306849

Goodyear Tire affected by Reserve MMF Goodyear taps credit line because access to money market fund is delayed CLEVELAND (AP) -- Goodyear Tire & Rubber Co. said Thursday it intends to draw $600 million from a revolving credit line because it has been unable to tap an investment in a money market fund. The tire company has been trying to redeem $360 million invested in the Reserve Primary Fund of New York-based Reserve Management Co. The troubled fund has delayed acting on Goodyear's request because federal regulators have called for an orderly disposition of the fund's securities. biz.yahoo.com

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