Money Fund Lehman Moment Lurks as New Protections Stall – Bloomberg 09-05-13

Salient to Investors: Sheila Bair at Systemic Risk Council, a nonpartisan group whose members include Paul Volcker and Paul O’Neill, said nothing has fundamentally changed to address the structural weaknesses of money funds. To halt the 2008 Lehman-triggered run, the Treasury Department guaranteed all money-fund shareholders against losses from default. The

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