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Analysis: U.S. money market funds, advocates, stake out positions as crackdown looms

MarkMark
edited April 2021 in Fund Discussions
I can't link the article because of a paywall. Sorry. Read this on my brokerage account page.

"WASHINGTON (Reuters) - Market participants this week staked out their positions on how to fix systemic risks in the $4.9 trillion U.S. money market fund industry, in what is shaping up to be the first big fight for U.S. President Joe Biden's financial regulators.
After taxpayers bailed them out for the second time in 12 years during the pandemic-induced turmoil in March 2020, money market funds - a key source of short-term corporate and municipal funding - are facing a regulatory reckoning which could potentially change the industry beyond all recognition."

BY PETE SCHROEDER AND MICHELLE PRICE, REUTERS - 1:23 PM ET 4/13/2021

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