Monday, January 12, 2009

Don't break the buck continued

Following up on my last post on this matter,I received a new notice from my money market mutual fund manager that it was going to extend its participation in the Treasury's Temporary Guarantee Program until April 30, 2009 (the date to which the Treasury extended the availability of the Program). I would bet that as the Treasury keeps extending availability, my fund will keep extending its participation, and I'll get to keep paying for the 'privilege'.