"ICI Encourages Participation in America Saves Week," says a release. It comments, "The Investment Company Institute, the national association of mutual funds and other investment companies, is encouraging Americans to assess their personal savings and set a savings goal as part of the "America Saves Week" national campaign. This year's America Saves Week is February 21-28. Approximately 89 million Americans use mutual funds to save for their financial goals. ICI research has found that 94 percent of mutual fund-owning households identified saving for retirement as one of their financial goals; 76 percent said it's their primary goal." In other news, see the press release, "`ASF Strongly Concerned FDIC Safe Harbor Proposals Will Add to Investor Uncertainty and Slow Credit to Main Street." It says, "In a letter submitted to the Federal Deposit Insurance Corporation today, the American Securitization Forum (ASF), the broad-based professional forum representing the U.S. securitization markets, expressed significant concerns regarding the FDIC's proposed new rules on safe harbor for securitizations. The ASF strongly believes the proposals, which include new preconditions for safe harbor, will create substantial uncertainty for investors, thus harming the drive to reopen securitization markets and get credit flowing again to Main Street."
