The fiscal cliff is a much more appealing drama, but it would be a mistake to ignore negotiations on money-market funds On Tuesday, 15 financial officials will be among the only people in Washington not engaged in obsessive conversations about the fiscal cliff. The group, from the Financial Stability Oversight Council, will be fighting a battle that, just before the presidential election, looked completely lost. Their task: to prevent money-market mutual funds from collapsing the next time we ha...
Washington's other financial challenge: reforming money-market funds
The Guardian - 12 Nov 2012 23:34
The fiscal cliff is a much more appealing drama, but it would be a mistake to ignore negotiations on money-market funds On Tuesday, 15 financial officials will be among the only people in Washington not engaged in obsessive conversations about the fiscal cliff. The group, from the Financial Stability Oversight Council, will be fighting a battle that, just before the presidential election, looked completely lost. Their task: to prevent money-market mutual funds from collapsing the next time we ha...
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