Forbes writes "​Mutual Funds: The New Regs". It says, "In the political tussle between traditional banking and investment banking we are sure to witness over the next few months, however, there is clear potential for collateral damage to the mutual fund industry. For example, the white paper suggests that money market funds should be required to abandon their hallmark '​stable net asset value' feature. Conceived in the mid-​1970s as a way to offer investors a vehicle akin to bank certificates of deposit, money market funds have operated with astounding stability for over thirty years. Notwithstanding the headlines associated with the implosion of Reserve Fund (​which may prove to have had more to do with unauthorized investments and garden-​variety securities fraud), money market funds have weathered the seismic events of the last few months effectively and without shareholder losses. While additional safeguards may, perhaps, be appropriate (​e.​g., increasing credit requirements or shorting maturities) tinkering with a fundamentally sound product is unwarranted."

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