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Treasury Secretary Geithner sets crosshairs on money-market funds

AP
September 29, 2012, 12:01 am TWN

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WASHINGTON -- Treasury Secretary Timothy Geithner is putting pressure on the Securities and Exchange Commission (SEC) to overhaul its rules for money-market mutual funds.

Geithner sent a letter Thursday to members of the Financial Stability Oversight Council seeking their help in pressuring the SEC to change its rules. Geithner, who heads the panel, said the changes are necessary to protect the system.

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