Seeking True Value in Money Market Funds

We should stop pretending that a dollar invested in a money market fund will always be worth a dollar. Let prices float as they do with other mutual funds.

The mutual fund industry shouldn't be able to assure savers that a buck is a buck and then ignore its pledge in times of panic. If federal regulators get their way, that kind of behavior by sponsors of money market mutual funds will be a thing of the past.

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Chris Farrell
Contributing Columnist,