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YOUR MONEY; Answering safety questions about banks, tax-exempt funds, deposit boxes, 401(k)s.

Publication: San Francisco Chronicle
Publication Date: 23-SEP-08 		Format: Online
Delivery: Immediate Online Access
Full Article Title: YOUR MONEY; Answering safety questions about banks, tax-exempt funds, deposit boxes, 401(k)s.(NET WORTH)(Column)

Article Excerpt
Byline: Kathleen Pender

Today I'll answer some common questions I have been getting from people who are wondering how the financial crisis could affect their savings and investments.

Q: I heard that the plan to insure money market funds does not cover tax-exempt funds. Why?

A: When the Treasury Department said Friday that it would insure money market funds for one year, it excluded tax-exempt funds because that might have jeopardized their tax-exempt status. But Sunday night, the Treasury said that it would work with the Internal Revenue Service to remove that roadblock and that it will guarantee any money fund - taxable or tax-exempt - that pays a fee to purchase the insurance.

The Treasury also decided Sunday to limit insurance to...

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