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Money Market Funds Aren't As Safe As You Think (Channel 8 San Diego) The financial crisis is hitting close to home for many San Diegans who put their savings into money market funds. Now comes word that investing in these funds may not be as safe as some thought. Simply Money Q&A (The Cincinnati Enquirer) Nathan Bachrach and Ed Finke of The Financial Network Group and hosts of Simply money on WKRC-AM and WXIX, answer questions about investing. Blending entertainment with money (Arab News) JEDDAH: Investing in small-scale entertainment ventures is one of the most common practices of some youths during the month of Ramadan, especially in the southern districts of Jeddah. McCain defends retirement accounts amid stock dive (AP via Yahoo! News) Wall Street turmoil left John McCain scrambling to explain why the fundamentals of the U.S. economy remained strong. It also left him defending his support for privately investing Social Security money in the same markets that had tanked earlier in the week. Rushing to save money market funds (CNNMoney.com via Yahoo! Finance) Coming to the rescue of a bedrock of American investing, the Treasury Department and the Federal Reserve took steps Friday to shore up the $3.4 trillion U.S. money market fund industry. Money 911: Your investing, billing concerns (MSNBC) If you have questions about your money in today's economy, you're not alone. Here, TODAY personal finance editor Jean Chatzky tackles reader concerns about a few financially sticky situations. Government steps to head off run on money funds (AP via Yahoo! News) The federal government on Friday stepped in to bolster the teetering $3 trillion money-market mutual fund industry and stem a wave of withdrawals that resembled a Depression-era run on the banks ? sparked largely by panicked institutional clients rather than individual investors in what are normally considered to be the safest of investments. Investing Insights: The Credit Crunch Hits Money Funds (Again) (BusinessWeek) Rushing to save money-market funds (CNN Money) Coming to the rescue of a bedrock of American investing, the Treasury Department and the Federal Reserve took three big steps Friday to shore up the $3.3 trillion U.S. money-market fund industry. Investing Insights: The Credit Crunch Hits Money Funds (BusinessWeek) |
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