"U.S. Scales Back Money-Fund Plan as Withdrawals Slow" wrote Bloomberg yesterday. The article said, "The Treasury, seeking to prevent a broader run, announced Sept. 19 that it will reimburse investors for losses for a year. Officials scaled back the plan yesterday, saying it will only cover investments in money-market funds at the end of that day, meaning future deposits will not be insured. The change came after banks warned they would lose depositors."

Email This Article

Use a comma or a semicolon to separate

captcha image