Money market & the bailout

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Oct 6, 2008 12:50 pm

did they pass the part about preventing money markets from breaking the buck?

Oct 6, 2008 12:54 pm

Yes, it’s up to the firms to choose to participate.  Our money market is participating.  Apparently, Fidelity and Vanguard are not participating, stating they are confident they won’t fail.

Oct 6, 2008 12:56 pm

How about American Funds and Franklin? People I talk to at the office are clueless, where do you find this list of who is participating? Thanks!

Oct 6, 2008 9:41 pm

I believe it only applies to money deposited into the mm funds prior to Sept 19th.

Oct 7, 2008 7:09 am

yup, and it is temporary (3 months),

Oct 7, 2008 3:04 pm

Here are the details on money market safeguards.

http://www.investmentnews.com/apps/pbcs.dll/article?AID=/20080930/REG/809309986/1094/INDaily01   Stok
Oct 7, 2008 6:42 pm

[quote=snaggletooth]Yes, it’s up to the firms to choose to participate.  Our money market is participating.  Apparently, Fidelity and Vanguard are not participating, stating they are confident they won’t fail.[/quote]
Fidelity announced today they are participating.

Oct 7, 2008 7:10 pm
Morphius:

[quote=snaggletooth]Yes, it’s up to the firms to choose to participate.  Our money market is participating.  Apparently, Fidelity and Vanguard are not participating, stating they are confident they won’t fail.[/quote]
Fidelity announced today they are participating.

  As did Vanguard.  Maybe they saw the light?