"ICI, SIFMA petition SEC for hearing on Reserve" writes Investment News, saying, "Two trade groups that represent the investment management industry want the Securities and Exchange Commission to hold a public hearing on the liquidation plan for a money market fund that collapsed in September." It quotes Peter Crane, "I assume they are feeling pressure from individual investors and some of the aggrieved parties.... I can't prove it yet, but I predict investors in [the Primary Fund] will end up with positive returns in 2008." The article says, "But public hearings into a liquidation plan that's almost run its course seem like overkill, citing Bill Donoghue.

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