Back to the Drawing Board…Why?

The S.E.C. seems to be going back to the same old regulatory structure. Last year, money market funds showed stress, and the US government prevented the funds from breaking the buck.

In the future, don’t we want investors to bear the cost of their own decisions? Do we want the government to remove moral hazard? If you invest, isn’t there any “caveat emptor”?

The Journal takes the SEC to task. Is this what the SEC  really meant to do?

[$$]The SEC v. Investors – WSJ.com, February 3, 2010