Econintersect:  Actually the two economists use the word “scrap” in the title of their Bloomberg Op Ed this week.  We have perhaps used dramatic “overkill”. But the result of the proposal is the same:  replace money market funds with a government-backe… more »

Econintersect: Monday, November 7 – Today Mary Shapiro revealed that the SEC (Securities and Exchange Commission) has boiled down its plan to propose fundamental reform to the operation of the nation’s money market funds. There only two options left on t… more »

The Financial Times reported Sunday that U.S. money market funds, key to financing short term debt transactions around the world, have slashed commitments to Europe. more »