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Funds Back Money-Market Backstop

Tuesday, January 11, 2011 - 7:28 AM
From MarketWatch:
The mutual fund industry has backed proposals for a private liquidity facility for money-market funds, as regulators consider ways to prevent a repeat of the September 2008 crisis.

Note, these are money market funds and not bank money market accounts.
Ken TuminKen Tumin5,471 posts since
Nov 29, 2009
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