Monday, May 16, 2011

Money Funds

Money market funds are still an accident waiting to happen

Article from The Independent by Stephen Foley

US Outlook:
So farewell then Sheila Bair. America's most ferocious regulator says she will step down when her term as chairman of the Federal Deposit Insurance Corporation (FDIC) ends in July, robbing government of one of the few people who still seemed keen on radical reform of finance in the wake of the credit crisis.