Are money market funds still FDIC-insured? – Asset Protection

Question: A few years ago, I remember hearing that money market funds were covered by FDIC protection just like certificates of deposit and savings accounts. Are money market funds still FDIC-insured?

 The short answer is no, money market fund holders don’t have the same (very limited) guarantees that holders of CDs, money market deposit accounts, and checking and savings accounts have.

See The Details Here: http://news.morningstar.com/articlenet/article.aspx?id=449684

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