Irwin, Neil

Yale University

Yale University EliScholar – A Digital Platform for Scholarly Publishing at Yale YPFS Documents (Series 1) Browse by Media Type 10-22-2008 Fed Prepared to Prop Up Money-Market Funds Neil Irwin Follow this and additional works at: https://elischolar.library.yale.edu/ypfs-documents Recommended Citation Irwin, Neil, "Fed Prepared to Prop Up Money-Market Funds" (2008). YPFS Documents (Series 1). 8320. https://elischolar.library.yale.edu/ypfs-documents/8320 This Document is brought to you for free and open access by the Browse by Media Type at EliScholar – A Digital Platform for Scholarly Publishing at Yale. It has been accepted for inclusion in YPFS Documents (Series 1) by an authorized administrator of EliScholar – A Digital Platform for Scholarly Publishing at Yale. For more information, please contact elischolar@yale.edu. Washington Post  10/22/2008 Fed Prepared to Prop Up Money-Market Funds  Neil Irwin   Summary “The Federal Reserve yesterday created a program to provide cash to money-market mutual funds, the latest step in a vast expansion of the government's safety net for the financial system. The Fed will make up to $540 billion available to buy assets from money-market mutual funds -- in which pension funds, university endowments and millions of Americans stash money -- if they need it. The measure is intended to keep the funds from experiencing cash crunches. Money-market mutual funds invest by lending money on a short-term basis to companies, banks and other financial institutions, as well as the government. They are normally considered safe places to park cash because they buy only debt that is highly likely to be paid back.”      To view this article in its entirety please use the link provided below.  View Full Article     Recommended Citation Irwin, Neil. “Fed Prepared to Prop Up Money-Market Funds.” The Washington Post. WP Company, October 22, 2008. https://www.washingtonpost.com/wp-dyn/content/article/2008/10/21/AR2008102100615.html. 

Fed Prepared to Prop Up Money-Market Funds

https://elischolar.library.yale.edu/context/ypfs-documents/article/9368/viewcontent/propup.pdf

Fed Prepared to Prop Up Money-Market Funds

Abstract

Similar works

Full text

Available Versions

Yale University