Relevant:
- Money Funds Test Geithner, Bernanke As Schapiro Defeated
- SEC is Sniffing Around Mortgage REITs
- JPMorgan Hearing: Market Regulators Warn They're Broke, Outgunned By Wall Street
- JPMorgan Hearing: Market Regulators Warn They're Broke, Outgunned By Wall Street
- SEC May Force More Disclosure About ‘Dark Pools,’ Schapiro Says
2012-08-24 — bloomberg.com
``This is exactly what happened Wednesday, when Securities and Exchange Commission Chairman Mary Schapiro had to cancel an Aug. 29 vote on sensible new rules to make money-market mutual funds safer. Although Schapiro had the support of Federal Reserve Chairman Ben S. Bernanke and leading conservative economists, she knew that three of the five commissioners would oppose her. This came after an intensive and often-misleading campaign by the $2.6 trillion money-fund industry to gloss over the inherent instability of the funds. ''
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