News Journal

U.S. to insure mutual funds in market

Many strategies have been planned by U.S. government after the collapse of Lehman Bros. to face the financial chaos in market. The U.S. government planned to introduce a safety net and on Friday the Treasury offered $50 billion towards insurance coverage to companies.

Insurance will protect companies from loosing cash like investments and the U.S. government is planning to insure retail and institutional funds. Analysts are expecting that many companies will go for insurance coverage under the new plan.