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: The Illinois Personal Injury Weblog of Schaeffer & Lamere P.C.Gov't Protects Money Markets
From the Associated Press via Yahoo! News: "Treasury, Fed move to bolster money market funds," by Martin Crutsinger--
The Treasury Department says it will tap into a Depression-era fund to provide guarantees for the nation's money market mutual funds while the Federal Reserve says it will expand its emergency lending program to help support the $2 trillion in assets of the funds.
Seeking to deal with a severe financial crisis, the Treasury and the Fed announced separate actions on Friday designed to bolster the huge money market mutual fund industry, which has come under stress in recent days.
--Posted by Godfrey Illinois personal injury lawyers and the Alton Illinois truck accident attorneys of Schaeffer & Lamere, P.C., handling Illinois car accident, Illinois personal injury, products liability, workers' compensation, medical malpractice, truck accidents, and all other types of injury cases.
Full post as published by The Illinois Personal Injury Weblog of Schaeffer & Lamere P.C. on September 19, 2008 (boomark / email).
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