The U.S. Treasury extended its promise to keep money market funds from breaking the buck. Money market funds are safe until September 18, 2009. That's roughly the one year anniversary of America's financial panic. The guarantee covers $3 trillion in fund assets. How much junk debt, like Lehman Brothers, do they own?
(HT-EconomicPolicyJournal)
(HT-EconomicPolicyJournal)