This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

5 Big Shadow Banking Threats to Everyone and Everything

3. Fidelity Investments and Federated Investors (FII - Get Report) (Money Market Funds)

Tighter regulation of money market funds seemed like it would be a slam dunk after the $62 billion Reserve Primary Fund "broke the buck"--meaning it caused investors in the fund to lose money--in 2008.  

Top regulators on both sides of the aisle subsequently called for reforms of the industry. Even BlackRock Inc. (BLK)--one of the largest money market fund managers in the U.S., was open to reform. However, resistance from much of the rest of the mutual fund industry, led by Federated and Fidelity, staved off a rule proposal from Securities and Exchange Commission Chairman Mary Schapiro that would have addressed important regulatory gaps.

"In particular the one that's the biggest travesty is the money market mutual funds because there was a very good proposal on the table that would have made a difference and that was shot down," says Yale's Metrick.
4 of 6

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
CME $88.55 2.57%
FII $23.58 -0.51%
GS $156.47 -0.01%
GE $28.54 -2.19%
MS $24.35 -2.64%


Chart of I:DJI
DOW 16,204.97 -211.61 -1.29%
S&P 500 1,880.05 -35.40 -1.85%
NASDAQ 4,363.1440 -146.4150 -3.25%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs