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lquadland10 (< 20)

Money market guarantee program expiring Yep IMHO we are being setup again.

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September 18, 2009 – Comments (2) | RELATED TICKERS: SLV , AUY , BX

http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2009/09/09/BU6K19KNOF.DTL&type=business

The government's temporary guarantee program for money market funds is set to expire on Sept. 18. There is little chance the year-old program, put in place during the height of the financial crisis, will be extended past next week.


Read more: http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2009/09/09/BU6K19KNOF.DTL&type=business#ixzz0RUIDPoRc FDIC chief considers tapping Treasury for funds

The chairman of the Federal Deposit Insurance Corp. says she is "considering all options, including borrowing from Treasury," to replenish the dwindling fund that insures bank deposits.


Read more: http://www.sfgate.com/cgi-bin/article.cgi?f=/n/a/2009/09/18/national/w085837D99.DTL#ixzz0RUIpepQu Rate on 6-month Treasury bills hits new record low

Interest rates on six-month Treasury bills hit a record low for the third consecutive week.

Gov't rescue steps may have worked but at big cost
Read more: http://www.sfgate.com/cgi-bin/article.cgi?f=/n/a/2009/09/16/financial/f102544D78.DTL#ixzz0RUK71dDp

 

Russia's PM Putin urges foreign investment

Russia's Prime Minister Vladimir Putin urged foreign businessmen Friday to invest in Russia, promising to remove bureaucratic hurdles, and called for currencies besides the dollar to be used as reserves amid "uncontrolled" U.S. debt.


Read more: http://www.sfgate.com/cgi-bin/article.cgi?f=/n/a/2009/09/18/financial/f044832D70.DTL#ixzz0RUKpSZVu AES shares rise on report of China interest
Read more: http://www.sfgate.com/cgi-bin/article.cgi?f=/n/a/2009/09/14/financial/f090049D14.DTL#ixzz0RULRTM3H I just wonder how long the next crisis will take to develop.
  

 

 

 

 

 

2 Comments – Post Your Own

#1) On September 18, 2009 at 4:18 PM, chk999 (99.98) wrote:

Why should they guarantee money market accounts?

If you want higher return, you need to take higher risk. FDIC insured accounts are safe, but don't pay much. The money market accounts invest in various short term debt and pay a higher rate. The reason for the guarantee program was the seizure of the credit markets. They are functioning again, so it isn't needed.

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#2) On September 18, 2009 at 9:01 PM, lquadland10 (< 20) wrote:

cgk they had to do that last year to keep the money in the banks because people were not covered so instead of loosing the money they were taking it out which caused the bussiness credit freeze. No money no credit.

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