Federated Investors President & CEO J. Christopher Donahue writes "Regulators' Criticism of Money Market Funds -- Long on Myth, Short on Facts on The Huffington Post. He writes, "Washington regulators, from the Federal Reserve to the SEC, continue to take to the speaking circuit and the airwaves delivering myths about money market funds and citing recent history as their rationale for proposed rules that will destroy the funds' functionality, utility and effectiveness. For 50 million investors and the multitude of municipalities, corporations and other entities which depend on money market funds for efficient funding, it is crucial to set the record straight. Regulators cannot just ignore the facts or take potshots at a money market system that is vital to the American economy." Also, see ICI's latest weekly "Money Market Mutual Fund Assets" release says, "Total money market mutual fund assets increased by $1.19 billion to $2.569 trillion for the week ended Wednesday, May 9, the Investment Company Institute reported today. Taxable government funds decreased by $2.40 billion, taxable non-government funds increased by $5.03 billion, and tax-exempt funds decreased by $1.43 billion."

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