Tuesday, August 25, 2009
Volcker: Money funds weaken financial system
Money-market mutual funds undermine the strength of the U.S. financial system and should be regulated more like banks, Bloomberg reported former Federal Reserve Chairman Paul Volcker as saying in an interview.
"Banks remain the functioning heart of the financial system, and they are protected and regulated," Volcker, an economic adviser to the Obama administration, told the news agency...
Yahoo! Finance: Volcker: Money funds weaken financial system
"Banks remain the functioning heart of the financial system, and they are protected and regulated," Volcker, an economic adviser to the Obama administration, told the news agency...
Yahoo! Finance: Volcker: Money funds weaken financial system
Permalink posted by markw @ 5:10 AM 
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