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
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.


Fidelity announced today they are participating.

Oct 7, 2008 7:10 pm
Morphius:
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.


Fidelity announced today they are participating.

 
As did Vanguard.  Maybe they saw the light?