MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Monday, March 5, 2012 Bernanke Warns of 'Still More Risks' in Money Funds The chairman of the Federal Reserve is worried about his ability to bail out money market funds if there's another run, and he sounds supportive of the idea of further regulating money funds. Forbes reports that Fed chairman Ben Bernanke said that "it's not true that money market mutual funds are 100 percent safe." "Some of the tools we used in 2008 to arrest the run on funds are no longer available," Bernanke testified Friday at a hearing in the U.S. Senate. Specifically, Bernanke worried that the Fed wouldn't be able to guarantee 100 percent of money funds' holdings again. And he wondered if the proposal to force liquidating money fund investors to withdraw only 97 percent of their assets would sour investors on money funds. Printed from: MFWire.com/story.asp?s=39367 Copyright 2012, InvestmentWires, Inc. All Rights Reserved |