In October 2010, the President?s Working Group on Financial Markets released a report, ?Money Market Fund Reform Options.? The report outlined potential reforms that could prevent future recurrences of the events that played a significant role in the financial crisis starting in September, 2008 ? that is, the failure [...]
Source: http://bigfatfinanceblog.com/2011/01/25/money-market-funds-and-floating-net-asset-values/
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