New Year Gives FSOC More Chances to Flex Muscle

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Money market funds were the victims of the sub-prime lending debacle and ensuing financial crisis, not the pepetrators. The only differnce between that crisis and the next is that the US Treasury backing of the excessive debt won't be implicit the next time. The fact that Treasury runs the FSOC shouldn't lull us into a false sense of security.
Posted by kvillani | Monday, January 07 2013 at 3:42PM ET
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