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39%  
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  • Treasury will insure public offered money funds

    09/19/2008 5:11:16 AM PDT · by TigerLikesRooster · 18 replies · 311+ views
    Market Watch ^ | 09/19/08 | Steve Goldstein
    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.