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  • bee October 2016
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Money Market Q&A: New Rules Transform $2.7 Trillion Of Money Funds:

TedTed
in Fund Discussions
FYI: (This is a follow-up article)
Without much fanfare, there’s been a trillion-dollar upheaval in a favored corner of America’s financial system: the money-market funds where institutional and retail investors park cash to earn returns better than bank deposits offer. The turmoil has been driven by new rules that go into effect this week. They’re meant to prevent a repeat of the crisis in September 2008, when investors found that funds they thought were as safe as banks were anything but.
Regards,
Ted
http://www.bloomberg.com/news/articles/2016-10-12/new-rules-transform-2-7-trillion-of-money-funds-quicktake-q-a

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