Treasury Strategies writes "Proposed Capital Requirement for Money Market Mutual Funds: A Disaster on All Fronts". The summary of the advertorial, which appeared in American Banker yesterday, says, "Treasury Strategies believes the capital requirement proposal will result in severe negative consequences for investors, fund advisors, businesses of all sizes, and the broader overall economy. We advocate that regulators abandon this proposal." The 5-page brief explains, "In response to recent calls by regulators to impose a capital requirement on money market mutual funds, Treasury Strategies, Inc. has prepared the following analysis and critique.... Regulators have periodically called for money market mutual fund (MMF) reforms, despite the industry's nearly flawless track record.... Although it has demonstrated remarkable reliability, the $2.6 trillion MMF industry is in danger of being dismantled, and its utility destroyed, by the current ill-considered reform proposals."

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