In an unusual step, the Treasury Department announced on Thursday that it had agreed to be the buyer of last resort for a money market fund that has been frozen for more than two months as it tried to liquidate its assets without incurring...

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In an unusual step, the U.S. Treasury announced it will help liquidate a money-market fund from Reserve Management Corp., whose travails touched off the recent turmoil in money funds that has rocked the investing world. The move illustrates how...
2008-11-20 23:16:05 - will use its best efforts to sell all of its portfolio securities by January 3, 2009. The sale price cannot be less than amortized cost absent approval by the Treasury. The Treasury through the Exchange...
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