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The "Gates" Are Closing: SEC Votes Through Money Market Reform
07-23-2014, 11:51 PM #1
Shadow Mrs. Buckwheat
Posts:12,782 Threads:1,182 Joined:Feb 2011
Quote:money market fund managers will have the option to 'suspend redemptions to allow for the orderly liquidation of fund assets" or in other words implement redemption "gates." The logic: spook participants in the $2.6 trillion money market industry with the prospect of being gated (i.e., having no access to ones funds) and force them to reallocate funds elsewhere.

http://www.zerohedge.com/news/2014-07-23...ket-reform

A MMF is just like a savings account but with higher interest rates and limited withdrawals. Appealing to savers who want a higher return. This just may spark the bank runs. Bail-ins are only a breath behind.
07-24-2014, 12:03 AM #2
Octo Mother Superior
Posts:43,017 Threads:1,474 Joined:Feb 2011
popcorn2.gif
07-24-2014, 12:21 AM #3
yankees skier
Posts:5,898 Threads:215 Joined:Feb 2011
Stock up on biere now.

Biere.



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