Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Bernanke Warns of 'Still More Risks' in Money Funds Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, March 5, 2012

Bernanke Warns of 'Still More Risks' in Money Funds

News summary by MFWire's editors

The chairman of the Federal Reserve is worried about his ability to bail out money market funds if there's another run, and he sounds supportive of the idea of further regulating money funds. Forbes reports that Fed chairman Ben Bernanke said that "it's not true that money market mutual funds are 100 percent safe."

"Some of the tools we used in 2008 to arrest the run on funds are no longer available," Bernanke testified Friday at a hearing in the U.S. Senate.

Specifically, Bernanke worried that the Fed wouldn't be able to guarantee 100 percent of money funds' holdings again. And he wondered if the proposal to force liquidating money fund investors to withdraw only 97 percent of their assets would sour investors on money funds. 

Edited by: HFD


Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use