Thursday, September 17, 2009

The Fed backs away slowly…

Money market guarantee program expiring

Just a little note about another Fed prop to the financial system that will be removed tomorrow. "The government's temporary guarantee program for money market funds is set to expire on Sept. 18...The program was put in place three days after the Reserve Primary Fund became the second money fund in history to break the buck, or fall below $1 per share. The day before, Lehman Bros. had filed for bankruptcy." and we all hid behind the sofa.

Posted by mountain goat @ 10:39 PM (583 views)
Please complete the required fields.



Add a comment

  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user´s views and not the views of HousePriceCrash.co.uk.
  • Please adhere to the Guidelines

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>