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Global Economy
acharya
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#119
09-20-2008, 01:23 AM
<b>Washington moves to shore up money market funds</b>
Steps to insure funds' value and provide liquidity aims to prevent collapse
<!--QuoteBegin-->QUOTE<!--QuoteEBegin-->"Today's action will undermine the role of banks during this current crisis and has the potential to have an extremely negative impact,'' said Edward Yingling, CEO of the American Bankers Association. "Our bankers are, understandably, very upset."
Bankers are unhappy because now that money market funds are also government-insured, banks may face greater competition for customer deposits but because of their strategies can often provide better returns. End of Story <!--QuoteEnd--><!--QuoteEEnd-->
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Global Economy - by Guest - 12-18-2003, 04:48 AM
Global Economy - by Guest - 01-03-2004, 11:31 PM
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Global Economy - by dhu - 10-14-2008, 10:15 AM
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Global Economy - by acharya - 10-15-2008, 07:47 AM
Global Economy - by dhu - 10-15-2008, 05:29 PM
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Global Economy - by Guest - 10-15-2008, 08:14 PM
Global Economy - by Guest - 10-15-2008, 11:37 PM
Global Economy - by acharya - 10-16-2008, 01:01 AM
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Global Economy - by Guest - 10-17-2008, 06:40 AM
Global Economy - by shamu - 10-17-2008, 10:15 AM
Global Economy - by Guest - 10-17-2008, 11:45 AM
Global Economy - by Guest - 10-18-2008, 11:23 AM
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Global Economy - by Guest - 10-20-2008, 08:59 AM
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Global Economy - by acharya - 11-17-2008, 07:45 AM
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Global Economy - by Guest - 12-09-2008, 11:21 AM
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Global Economy - by Guest - 01-16-2009, 09:51 PM
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Global Economy - by Guest - 01-21-2009, 11:01 PM
Global Economy - by Guest - 01-22-2009, 12:12 AM
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Global Economy - by shamu - 01-26-2009, 07:59 AM
Global Economy - by Guest - 01-26-2009, 08:33 AM
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Global Economy - by Guest - 01-27-2009, 02:51 AM
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Global Economy - by dhu - 10-20-2011, 09:02 AM
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Global Economy - by sumishi - 10-24-2011, 11:52 AM
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Global Economy - by dhu - 10-31-2011, 06:12 AM
Global Economy - by sumishi - 10-31-2011, 07:28 AM
Global Economy - by Guest - 06-03-2012, 08:08 PM
Global Economy - by priyarawat229 - 07-06-2012, 12:33 PM
Global Economy - by Guest - 01-16-2013, 11:12 AM
Global Economy - by rhytha - 01-30-2013, 06:59 AM
Global Economy - by Guest - 02-18-2004, 11:34 PM
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