Low Latency Hype, Exchanges Go On Crisis Control, Dimon Talks Back, and More
8. Quick, Stop Them!
The next run might be even more difficult to stop, however, and the harm will not be limited to a discrete group of investors. The tools that were used to stop the run on money market funds in 2008 are either no longer available or unlikely to be effective in preventing a similar run today...
— SEC Chair Mary Schapiro testifying about "Perspectives on Money Market Mutual Fund Reforms" before the Committee on Banking, Housing, and Urban Affairs of the United States Senate.