profette_IHB
New member
<span style="color: red;">My goodness, the government is busy these days. It's a good thing they can print money, 'cause they're gonna need a lot of it...</span>
<strong>Treasury to Guarantee Money Market Funds </strong>
The federal government took two dramatic steps on Friday to in a bid to restore confidence in money market funds, which consumers have long been considered to be as safe as bank savings accounts, but which have come under increasing stress in the current market turmoil.
The Treasury Department announced that, at least temporarily, it would guarantee money market funds against losses up to $50 billion.
<a href="http://www.nytimes.com/2008/09/20/business/20moneys.html?_r=1&hp&oref;=slogin">linky</a>
<strong>Treasury to Guarantee Money Market Funds </strong>
The federal government took two dramatic steps on Friday to in a bid to restore confidence in money market funds, which consumers have long been considered to be as safe as bank savings accounts, but which have come under increasing stress in the current market turmoil.
The Treasury Department announced that, at least temporarily, it would guarantee money market funds against losses up to $50 billion.
<a href="http://www.nytimes.com/2008/09/20/business/20moneys.html?_r=1&hp&oref;=slogin">linky</a>