loobobilly News: Federal Reserve Establishes Lending Facility To Back Up Money Market Mutual Funds

Federal Reserve Establishes Lending Facility To Back Up Money Market Mutual Funds The Fed will receive $10 billion from the Treasury Department to cover potential losses in loans made to eligible financial institutions, to backstop the money market mutual fund industry. The Fed will receive $10 billion from the Treasury Department to cover potential losses in loans made to eligible financial institutions, to backstop the money market mutual fund industry. Business
The Fed will receive $10 billion from the Treasury Department to cover potential losses in loans made to eligible financial institutions, to backstop the money market mutual fund industry.

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