Posted on October 22, 2008 by MoneyBob
New Money Market Investor Funding Facility (MMIFF) Fed To Buy Frozen Assets To Meet Redemptions from Money Market Accounts Federal Reserve will help finance purchases of up to $600 billion in assets from money market mutual funds which have suffered redemptions from investors seeking the safety of government debt. The program start date should be [...]
Filed under: Banking, Credit Crunch, Credit Freeze, Dooms Day, Economy, Liquidity Squeeze, Money Market, Saving, Treasury Department, economics | Tagged: Credit Crunch, economics, Economy, Federal Reserve, Money, Money Market, The Fed, Treasury Department | Leave a Comment »
Posted on October 11, 2008 by MoneyBob
Fidelity Investments, Vanguard Group and T. Rowe Price Group said they are joining the U.S. Treasury Department’s guarantee program for money-market funds, meaning all the major fund families will participate in the program. Wednesday is the deadline to join. The program, announced Sept. 19 in the midst of the largest-ever run on money-market funds, is [...]
Filed under: Credit Crunch, Economy, Fidelity, Money Market, T. Rowe Price, Treasury Department, Vanguard, economics | Tagged: economics, Economy, Fidelity Investments, Money Market, Saving, T. Rowe Price, U.S. Treasury Department, Vanguard Group | Leave a Comment »
Posted on September 29, 2008 by MoneyBob
September 23, 2008 – Vanguard web site Treasury guaranty program for money market funds On Friday, the U.S. Department of Treasury announced a planto temporarily guarantee the account values of money market funds (taxable and tax-exempt) as of the close of business September 19. Important details—including program participation fees—have yet to be determined. As of [...]
Filed under: Credit Crunch, Economy, Market History, Money Market, Saving, economics | Tagged: business, economics, Economy, Money, Money Market, Work | Leave a Comment »
