Investment News writes "Panel to weigh changes to money funds draws critics", which discusses the ICI's recent announcement to establish a Money Market Working Group. The article says, "A panel that is charged with recommending changes to the ways money market mutual funds operate is being met with skepticism by money fund experts who worry that changes might be unnecessary". It quotes Peter Crane, president of Crane Data LLC, a Westborough, Mass.-based money fund research firm, "Money market mutual funds bring in more revenue per year than Hollywood does at the box office.... It's in the range of $13 billion or $14 billion. You don't want to kill the golden goose." IN quotes `Karen McMillan, general counsel for the ICI, "The working group is still very much in the preliminary stage.... No decisions have been made."
