"[S]ome observers cast doubt on the effectiveness of the new proposal, arguing it did little to address the underlying fears that money market mutual funds are subject to runs and potential systemic panic.... The SEC's proposal, which will allow a 90-day public comment period, noticeably omitted mention of requiring funds to raise more capital to absorb potential losses -- an option that had been included in the earlier draft plan promoted by Schapiro last year as well as recommendations laid out by the Financial Stability Oversight Council."  MORE >>