While not considered here, purchase prices would be relevant in considering a sponsor’s ability to support since a sponsor would need adequate liquidity for the purchase in addition to the ability to absorb related losses. Notably, the Credit Suisse Institutional Money Market Fund Inc. disclosed sponsor purchases in the amount of $ billion during the year ended December 31, 2007. In December 2007, Janus Capital management purchased Stanfield Victoria Funding LLC positions from two Janus funds for over $100 million. Asserting that amortized cost approximated fair market value, neither MMMF disclosed any related losses or contributions from the sponsor, and.
