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Money Markets Thaw The stock market keeps tumbling. The outlook for the economy is bleak. But there's actually been some quiet improvement in one corner of finance: money market funds. NPRUses for $700 billion bailout money ever shifting First, the $700 billion rescue for the economy was about buying devalued mortgage-backed securities from tottering banks to unclog frozen credit markets. Then it was about using $250 billion of it to buy stakes in banks. The idea was that banks would use the... San Francisco ChronicleCredit unions reassure customers their money is safe Workers at Midwest america Federal Credit Union, including its president and CEO, Greg Mohr, have taken to wearing T-shirts that say My Credit Union Is Federally Insured By The NCUA. Midwest America Federal Credit Union spent the following Friday publicizing the action, and the Indiana Credit Union League said Midwest wasn t the only credit union in the state making a special effort to get the word out on the important change... creditunionaccess.comAnoka County harness track faces money woes, turns over reins The owners of financially troubled Running Aces Harness Park agreed to let their lender take over the Anoka County track. Startribune.comInsurers Are Getting in Line for Piece of Federal Bailout The government considered extending the bailout to include insurance companies, and the auto industry stepped up efforts to secure a share of the money. The New York TimesProtection and hand-holding are key roles for all IFAs now IT MIGHT not feel like it for Angus MacDonald when he looks at the plunging value of his portfolio over recent months, but his money is in good hands. By creating a degree of ScotsmanIceland leaves British depositors out in the cold Iceland is poised to receive a bailout loan from the International Monetary Fund (IMF) without giving the UK Government assurances about how it will reimburse thousands of British savers with money in Icelandic banks. Times Online |
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