Wednesday, September 23, 2009
Money-Market Funds Weaken Financial System, Volcker Says
Former Federal Reserve Bank Chairman Paul Volcker recently said that money-market mutual funds undermine the stability of the U.S. financial system and should be regulated like banks.
In an interview with Bloomberg News, Volcker said he feels that banks should not be put at a competitive disadvantage to the unregulated money market funds, and that banks should be protected in order to ensure a stable financial system in the future...
Trading Markets: Money-Market Funds Weaken Financial System, Volcker Says
In an interview with Bloomberg News, Volcker said he feels that banks should not be put at a competitive disadvantage to the unregulated money market funds, and that banks should be protected in order to ensure a stable financial system in the future...
Trading Markets: Money-Market Funds Weaken Financial System, Volcker Says
Permalink posted by markw @ 7:11 AM 
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