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On Money Market Funds, False Promises and Faulty Premises from The Wall Street Journal
Investment Company Institute [ICI] 
[Opinion] Nov. 21, 2012 "There's little evidence to support the Journal's claims that its favored proposal for money market funds -- forcing them to float their per-share price -- would enhance financial stability. As the financial crisis demonstrated, floating-value funds are not immune to runs. Instead, this 'solution' would deprive investors and the economy of an efficient, diversified, well-regulated, and transparent tool for cash management, and a crucial channel for financing businesses, state and local governments, and nonprofit institutions." MORE >> |
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