Excerpts from letters to the Federal Reserve Board and other federal banking regulators concerning the growing investor perception that banking organizations are effectively guaranteeing their affiliated money market funds. The letters show how bank regulatory policies are fostering this...

This Article argues that the Securities and Exchange Commission's first and most significant response to the economic crisis increases rather than decreases the likelihood of future failures in money market funds and the broader capital markets. In newly promulgated regulations addressing the...

This article takes the view, after a comparison of deposit accounts and money market funds, that money market funds are systemically important because they serve as both an important and convenient cash management tool for retail and institutional investors, and as a primary market for issuers...

The merit of further reform of money market funds by the SEC hinges on the extent to which runs on prime funds pose an investor-protection problem. Reformers assume that the many runs on prime funds in 2008 reflected rational inter-shareholder opportunism, but there is no evidence that retail...