Money market funds and the SEC, Dodd-Frank, capitalism in crisis and the "Penny Plan"

02/14/2012 | SmartBrief/SmartBlog on Finance

In this collection of opinion and analysis pieces from the past week, The Wall Street Journal weighs in — with a full dose of sarcasm — on the Securities and Exchange Commission's move to overhaul the money market mutual fund industry. Steven Rattner writes in the Financial Times that talk of "capitalism in crisis" should really focus on regulatory failings. Sen. Kay Bailey Hutchison, R-Texas, details in Politico the "Penny Plan" legislation she co-sponsored. Peter Wallison argues in The Wall Street Journal that the Dodd-Frank Act errs in its assertion that interconnectedness played a large role in the financial crisis.

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