Officials at The Federal Reserve Bank of New York said money-market fund investors should be prohibited from withdrawing all their assets at once as a way to make the $2.5 trillion industry “safer and more fair.” They want you to first wait 30 days, for now, before you can get your money. How long before that 30 days turns into 30 years?
Also, it would not be a surprise if the next step is to force that money into Treasuries with the excuse of “to protect individual investors from themselves.” In short, get out of paper while you still can.
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