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The Fiscal Cliff Isn't the Only Show in Town This Week
Regulators are meeting in Washington today to discuss money market funds: "There are three big problems...: they appear completely safe when they are not; investors get more money if they take out their money early in a crisis, which creates disaster for other investors who react slowly; and the funds invest in stocks and bonds that can't be sold right away, so it's hard for them to round up the ready cash to pay for big redemptions from investors. There are a few ideas on the table."
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