Wow, it has already been a historic morning. The Fed, Treasury, and the SEC have all announced major steps aimed at bolstering confidence in the financial system and easing the credit crisis.Yesterday, there was significant concern about money market funds, heretofore thought to be among the safest investments out there. This morning, the Treasury is bringing back an arcane fund which will provide up to $50 billion to guarantee money market funds. Here is a link to the story: http://biz.yaho[...]
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[Source: The Money Blogs]
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