http://blog.kshgs.com CPAs in Richmond and Charlottesville Virginia Mon, 10 Jan 2011 19:11:23 +0000 en hourly 1 http://wordpress.org/?v=3.0.4 http://blog.kshgs.com/2009/12/04/treasurys-money-market-guarantee/ http://blog.kshgs.com/2009/12/04/treasurys-money-market-guarantee/#comments Fri, 04 Dec 2009 18:03:55 +0000 General http://blog.kshgs.com/?p=87 The Guarantee Program for Money Market Funds expired on September 18, 2009.  Treasury designed the Program to stabilize markets after a large money market fund’s announcement that its net asset value had fallen below $1 per share.  Maintaining confidence in the money market mutual fund industry was critical to protecting the integrity and stability of the global financial system. Since inception, Treasury had no losses under the Program and earned approximately $1.2 billion in participation fees.

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