Author Topic: NY Fed Report Advocates Limiting Some Money-Market Fund Withdrawals  (Read 1567 times)

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Offline shibaji

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Although this is not directly Chinese Numismatic article, but the effect will be widespread I guess. Here you go:

http://blogs.wsj.com/economics/2012/07/19/ny-fed-report-advocates-limiting-some-money-market-fund-withdrawals/

Offline NBM

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Re: NY Fed Report Advocates Limiting Some Money-Market Fund Withdrawals
« Reply #1 on: July 20, 2012, 01:34:15 PM »
Caging liquidity?  :001_rolleyes: Their fear may create what they fear.

Offline flora79

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Re: NY Fed Report Advocates Limiting Some Money-Market Fund Withdrawals
« Reply #2 on: July 26, 2012, 11:03:16 PM »
 :thumbup1:

Offline PandaCollector

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Re: NY Fed Report Advocates Limiting Some Money-Market Fund Withdrawals
« Reply #3 on: July 27, 2012, 09:36:00 AM »
"The Federal Reserve Bank of New York today released a staff report describing how a proposal for money market mutual fund (​MMF) reform would make the financial system safer and more fair, reducing systemic risk and protecting small investors who do not redeem quickly from distressed funds."

I believe this would be the first time in history that the NY Fed made policy based on fairness to small investors. Therefore that can't be the real reason for the proposal.

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Peter Anthony
China Pricepedia
http://www.pandacollector.com

Offline badon

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Re: NY Fed Report Advocates Limiting Some Money-Market Fund Withdrawals
« Reply #4 on: August 22, 2012, 05:49:34 PM »
That's the truth. The true objective is the opposite of the stated objective.