http://www.washingtonpost.com/wp-dyn/content/article/2009/06/23/AR2009062303349.html The Securities and Exchange Commission plans to propose tighter restrictions today for money-market mutual funds, which promise customers easy access to their cash with interest rates better than ordinary savings accounts, according to people who have been briefed. WHO WOULD INVEST IN MM FUNDS IF THE PRICE DIDN'T... [more]
http://www.washingtonpost.com/wp-dyn/content/article/2009/06/23/AR2009062303349.html
The Securities and Exchange Commission plans to propose tighter restrictions today for money-market mutual funds, which promise customers easy access to their cash with interest rates better than ordinary savings accounts, according to people who have been briefed.
WHO WOULD INVEST IN MM FUNDS IF THE PRICE DIDN'T STAY $1.00 MAYBE THIS IS TO FORCE US BACK TO THE BANKS WHO NEED CHEAP MONEY
The SEC will also seek public comments about the idea that money-market mutual funds be required to fluctuate in value but will make no formal proposal, the sources said. Currently, the funds must try to avoid fluctuating in value. As a result, they've been able to market themselves as virtually as safe as a bank savings account but with a better interest rate.
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