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As this Bloomberg article demonstrates, Treasury has indicated that they are only insuring money market funds that existed at the close of business on Sept. 19 for the next year, but not future deposits or interest. This is done because the implications could cause a reverse flow out of banks and Treasuries and into higher yielding money market funds now that they are insured. My view is that this should not discourage money market fund depositors from making new deposits as the overall effect is to stabilize these instruments and prevent them from "breaking the buck". If that is successful, it really doesn't matter whether your own personal funds are covered.

 

Submitted: Sep 23, 2008    Views: 867    Comments: 0    Likes: 1   


View Article: http://www.bloomberg.com/apps/news?pid=20601087&sid=a0ulXWim5RuE&re...


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