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November 15, 2012

Influence of Money Market Funds Ended Overhaul

“Four years after the fall of Lehman Brothers, and with a presidential campaign in full swing, everyone can surely agree on one thing: we shouldn’t risk another financial crisis.

“But after four years of studies, hearings and round tables, the Securities and the Exchange Commission late last month abandoned efforts to impose new regulations on money market funds intended to prevent another panic like the one that occurred in 2008 and eliminate the need for a taxpayer bailout of the multitrillion-dollar funds.”

… 

Read full New York Times article here 

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