Securities and Exchange Commission Chairman Mary Schapiro was confronted with bipartisan skepticism from Senate banking committee members as she defended her move to toughen the regulation of money market funds. The funds remain vulnerable to the kinds of runs that paralyzed the credit market in 2008, she said. In this CNBC interview, Schapiro said there are some structural weaknesses that need to be addressed. Get briefed by the SIFMA Money Market Reform Resource Center.
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