The Wall Street Journal writes "FDIC's Bair Says Money Funds Run Moral Hazard". It says, "A top bank regulator on Tuesday afternoon raised concerns about potential costs to taxpayers of bailing out parts of the $2.7 trillion money-market fund industry in the event of a future financial crisis." The Journal quoted FDIC Chairman Bair, "Now we have a moral hazard issue. Money-market investors think that if the funds make a stupid investment that the government is going to step in again." The piece adds, "Bair and other regulators and industry participants have focused on money-market funds since one of the largest, the $60 billion Reserve Primary Fund, suffered a run on assets due to losses connected with Lehman Brothers' failure in September 2008."

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