The Reserve applies for Treasury guarantee program

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October 10, 2008

The Reserve applies for Treasury guarantee program October 9th, 2008 NEW YORK (MarketWatch) — The Reserve, the money-market mutual fund company that saw its flagship fund fall below $1 a share and trigger an industry-wide investor panic, said Thursday that it has applied to join the Treasury Department’s program to insure money-market funds. The Reserve has asked for 21 of its funds, including Primary Fund and U.S. Government Fund, to take part. Primary Fund broke the buck on Sept. 16 — Tre
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