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Treasury to guarantee money market funds

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2008-09-19marketwatch.com

`` The Treasury Department said it's going to insure any publicly offered money market fund, both retail and institutional, that pays a fee. President Bush has authorized up to $50 billion in protection, and Treasury said it's acting using the authority of the Exchange Stabilization Fund. '' -- WOW! They are nationalizing literally everything! Well, the losses, at least...


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