[Zeneta]

If you where a MM fund manager, and you where bound to look after your investors best interests, if the new rules require you to shorten your maturities and restrict access or reorganize under Fed oversight with the Guarantee's provided with the condition you purchase longer term Treasuries, what would you do ?

[Pelham]

” if the new rules require you to shorten your maturities and restrict access or reorganize under Fed oversight with the Guarantee’s provided with the condition you purchase longer term Treasuries,”

Again, where are you finding that supported in the article? The only point supported by the article is that MMs will be subject to delays in withdrawal in order to effect an orderly liquidation of the fund’s assets. That’s about as frightening as having to wait for a CD to mature.

It would be hard to “shorten the maturities” of the assets held by MMs anymore than they already are, it’s short term commercial paper.