Unlike his predecessor, Paul Volcker, the current chairman of the
However, Ben Bernanke does believe they should have some insurance and be subject to such investment restrictions as only buying short-term, liquid securities.
Hes being more measured in his remarks, Joan Swirsky, an attorney with
The
We agree with Chairman Bernanke that money market funds play a crucial role in the U.S. economy and appreciate his comments on the need to increase the resiliency of the money markets, generally, and money market funds, in particular, said ICI spokesman Gregory Ahern.
The ICIs working group on money market funds, headed by