Money market & the bailout
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did they pass the part about preventing money markets from breaking the buck?
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.
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!
I believe it only applies to money deposited into the mm funds prior to Sept 19th.
Here are the details on money market safeguards.
http://www.investmentnews.com/apps/pbcs.dll/article?AID=/20080930/REG/809309986/1094/INDaily01 Stok[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?[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.