deposit insurance

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Deposit insurance for money funds

Posted September 19, 2008 - 04:12 by Philip Brewer

Investment, Consumer Affairs

Early this morning, the Treasury announced deposit insurance for money market mutual funds, provided that the fund pays a fee. The money to provide the insurance will come from the Exchange Stabilization Fund (the government account holding the profits that the federal government realized when they seized everyone's gold in 1934).

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