SEC approves "Hotel California" rule# Stock
N*n
1 楼
Money Market Funds now have the ability to suspend redemptions, courtesy of
the SEC's just passed 4-1 vote. This explains the negative rate on bills: at
this point, should there be another meltdown, money market investors will
not, repeat not, be able to withdraw their money purely on the whim of Mary
Schapiro. As the SEC noted: "We understand that suspending redemptions may
impose hardships on investors who rely on their ability to redeem shares."
Too bad investors' hardships considerations end
the SEC's just passed 4-1 vote. This explains the negative rate on bills: at
this point, should there be another meltdown, money market investors will
not, repeat not, be able to withdraw their money purely on the whim of Mary
Schapiro. As the SEC noted: "We understand that suspending redemptions may
impose hardships on investors who rely on their ability to redeem shares."
Too bad investors' hardships considerations end