SEC Beware, Money Funds Can Bring System Down
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April 19 (Bloomberg) -- News reports suggest that theSecurities and Exchange Commission may be backing away from areform of money-market funds. This would be a mistake.
The debate over how to overhaul prime money-market fundshas focused on preserving the commercial viability of theseinstruments while significantly lowering the threat they pose tofinancial stability. The latter objective should have priority.