Free Republic

Treasury will insure public offered money funds By Steve Goldstein Last update: 7:36 a.m. EDT Sept. 19, 2008 LONDON (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.

CHOWCHILLA, Calif. - A one-time member of the radical group that kidnapped Patricia Hearst had her sentence reduced by one year in the 1975 attempted bombings of two Los Angeles police cars. The 13-year sentence given Tuesday to Sara Jane Olson, a former member of the Symbionese Liberation Army, replaces the one handed down two years ago by the state Board of Prison Terms, which cited the potential violence and harm in the crime. A judge dismissed the term in July, saying the board "abused its discretion" by simply following a recommendation from prosecutors. Olson has already served more than...