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Update on Money Market Fund Reform: Standoff Continues, but Intervention Looms

Treasury Secretary Timothy Geithner, chairman of the Financial Stability Oversight Council, left, talks with Federal Reserve Chairman Ben Bernanke. (AP Photo/Manuel Balce Ceneta)

Support within the SEC for money market fund reform remains uncertain, and the reforms could very well be doomed if they don’t win over a majority of the five commissioners. That is, unless the Financial Stability Oversight Council, a creation of the bureaucratic behemoth known as the 2010 Dodd-Frank Act, steps in. Politics may soon dominate the debate. Read more

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