On April 12 2021, Better Markets filed a comment letter on a request for comment from the SEC regarding money market fund reform. We urge the SEC to implement reforms to money market funds that would increase transparency and drastically reduce the risk that taxpayers will have to bail out the industry yet again.
Twice in just the past 12 years, MMFs have experienced dramatic runs that have brought the industry to the brink of collapse and both times taxpayers were forced to bail out the industry to save the rest of the financial system. We have to reform the regulation of MMFs once and for all, so that taxpayers do not find themselves on the hook a third time.
Read our full comments here, or by clicking in the button below.