Money Market Reform Options - Plunge Protection Team
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The September 2008 run on money market funds ("MMFs"), during the financial crisis underscored the vulnerability of the financial system to systemic risk.

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Produktbeschreibung
The September 2008 run on money market funds ("MMFs"), during the financial crisis underscored the vulnerability of the financial system to systemic risk.
Autorenporträt
PRESIDENT'S WORKING GROUP ON FINANCIAL MARKETS-a.k.a. the Plunge Protection Team-was created after the financial crash on October 19, 1987, by President Ronald Reagan in 1988. Its goals are to enhance the integrity, orderliness and competitiveness of the U.S. financial markets and maintaining investor confidence. Members of the Working Group are the Secretary of the Treasury and the Chairpersons of the Federal Reserve System, the Securities and Exchange Commission and the Commodity Futures Trading Commission.