Expiration of crisis program may be boon for some asset classes

12/28/2012 | CNBC

The Transaction Account Guarantee, which lifted the $250,000 limit on Federal Deposit Insurance Corp. insurance of noninterest bearing checking accounts, expires this week, and according to a Federal Reserve survey, Wall Street expects borrowers to take some cash out of those accounts in response. Without the added guarantee, survey responders expect some money to be spread into safe securities like Treasury bills or money market funds.

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