On Fri, 31 Jul 2015 08:42:17 -0400, "(PeteCresswell)"
wrote:

Per J0HNS0N:
I've had my Vanguard fund for over 20 years now, including 2008. Never
lost a dime. (Actually made quite a few dimes.)

Some years back, their cash fund "broke the buck" - i.e. actually had a
negative return. Vanguard made up the diff internally, so users did
not lose any money.

It was to their advantage to do so. Avoiding the bad publicity was
likely worth it.