Treasury To Insure Money Market Funds

Posted: September 19, 2008 at 6:44 am

FedAccording to MarketWatch, The U.S. Treasury said it’s established a temporary guaranty program for U.S. money market funds. For the next year, the U.S. Treasury will insure holdings of any publicly offered money market mutual fund, retail and institutional, that pays a fee to participate."

Douglas A.McIntyre

Read more: Banking
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