Richard Shelby actually said...

The stable NAV feature of money market funds offers investors the convenience and simplicity of buying and selling shares at a constant one-...

runs with potential systemic impacts on the financial system

The reason that the NAV is solid at a dollar and not a gimmick or whatever is precisely because of the portfolios and the credit work to hol...

I also sitting up here as a Senator want to make sure that the taxpayers do not have to bail out anybody.