U.S. money market fund guarantee, R.I.P.

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Article Submitted by: ktexas
Stocks - Options - Mutual Funds

Tags: Money, Cash, Liquidity, Money market funds, Financial crisis, Deposit insurance.

Money market mutual fund accounts no longer have the backing of the U.S. Treasury. Uncle Sam is betting that fund investors won’t care -- or won’t notice.

The Treasury is allowing its year-old guarantee of money fund assets to expire, in one of the first big reversals of the government’s involvement to stem the financial crisis.

Submitted: Sep 20, 2009 Views: 125 Comments: 0 Likes: 1

View Article: http://latimesblogs.latimes.com/money_co/2009/09/money-market-mutua...

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The Best Savings Rates, CD Rates, and More

Other writing by ktexas

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