Comments on: Unsafe Money Market Guarantees Expire in April

By: Daily News Feed April 20, 2009 » Harry Tran’s Daily Economy 101 » Blog Archive

Mon, 20 Apr 2009 00:42:07 +0000

[...] News Many homes are too damaged to sell Unsafe Money Market Guarantees Expire in April Goldman Sachs tries to block free speech Why a 50% Drop in Housing Is Not the Bottom Housing [...]

By: Money market guarantees expire April 30, 2009 | Les Jones

Money market guarantees expire April 30, 2009 | Les Jones — Fri, 17 Apr 2009 23:38:13 +0000

[...] Unsafe Money Market Guarantees Expire in April: Notwithstanding the preceding statements, the T. Rowe Price money market funds are participating in the U.S. Treasury’s Temporary Guarantee Program for Money Market Funds. The Program generally does not guarantee any new investments in the funds made after September 19, 2008, and is scheduled to expire on April 30, 2009. [...]

By: geldpress

geldpress — Fri, 17 Apr 2009 15:40:50 +0000

Thank you Mr. Bernanke.

Perhaps I need to tell T. Rowe Price to update their site as well… I wonder how many T. Rowe Price customers closed their money markets from their posting of the April 30 deadline.

By: The Treasury

The Treasury — Fri, 17 Apr 2009 14:09:52 +0000

Check your facts. This program has already been extended through September 2009.

http://www.treas.gov/press/releases/tg76.htm
Treasury Announces Extension of Temporary Guarantee
Program for Money Market Funds

Washington, DC – The U.S. Treasury Department today announced an extension of its temporary Money Market Funds Guarantee Program through September 18, 2009, in order to support ongoing stability in financial markets. The Program was scheduled to end on April 30, 2009.
…

By: Money markets and CDs–NOT FDIC insured « Dregs of the Future

Money markets and CDs–NOT FDIC insured « Dregs of the Future — Fri, 17 Apr 2009 11:53:12 +0000

[...] A year ago, when money markets and CDs started losing asset value, investors started a run taking out their money. The US government stepped in to guarantee all capital investments in money market funds, but only as a temporary measure. That temporary guarantee is now set to expire in just two weeks. If you think you are safe from an implosion in your money market, think again! Unless Obama passes another emergency money market insurance extention, then you can expect that the “breaking of the buck” will resume in May. You have been warned! (Source.) [...]