Wednesday, July 23, 2014

The "Gates" Are Closing: SEC Votes Through Money Market Reform

This the stock brokerage firm's version of a bank bail-in.  Your money market funds will no longer be accessible in the event of a run on financial institutions.  Anybody worried yet?

http://www.zerohedge.com/news/2014-07-23/gates-are-closing-sec-votes-through-money-market-reform

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