The Battle Over Money Funds
– December 05, 2011
By Thomas F. Cooley, Paganelli-Bull Professor of Business and International Trade, and Kim Schoenholtz, Professor of Management Practice
If safeguarding taxpayers is the top priority, reforming MMMF rules will not be a partisan issue.
March 7, 2012
Both Securities and Exchange Commission Chairman Mary Schapiro and Federal Reserve Chairman Ben Bernanke have warned in recent days that money market funds remain vulnerable to runs. That is unquestionably true, and if a run occurs, U.S. taxpayers will bear the costs of bailing them out. Should taxpayers continue to subsidize the money market mutual fund (MMMF) industry?
Read full article as published in Reuters.
Both Securities and Exchange Commission Chairman Mary Schapiro and Federal Reserve Chairman Ben Bernanke have warned in recent days that money market funds remain vulnerable to runs. That is unquestionably true, and if a run occurs, U.S. taxpayers will bear the costs of bailing them out. Should taxpayers continue to subsidize the money market mutual fund (MMMF) industry?
Read full article as published in Reuters.
More Opinions from Thomas Cooley
- "Who Will Carry the Water?," 1.25.13
- "This economy could be as good as it gets," 9.10.12
- "The Euro Exit," 6.14.12
- "How Shape-Shifting Banks Foil Dodd-Frank Act," 4.17.12
- "The Battle Over Money Funds," 3.7.12
- "Not Even Close...," 12.21.11
- "Euro’s Fall May Doom All," 12.8.11
- "What Hamilton Can Teach the Euro Zone," 12.8.11
- "Clear thinking about economic policy," 11.9.11
- "Europe should avoid eating its seed corn," 10.21.11
- "Dodd-Frank: A Missed Opportunity," 8.29.11
