If anything is calculated to cause despair about the prospects of making the financial system safer, it is the failure of the Securities and Exchange Commission to tame the $2.6tn US money market fund industry. Mary Schapiro, the SEC chairman, has tried her best but she was stymied last week.
如果說有什麼問題使人對增強金融體系安全性的前景感到悲觀，那就是美國證交會(SEC)未能整飭好2.6兆美元的美國貨幣市場基金行業。SEC主席瑪麗•夏皮羅(Mary Schapiro)已盡了最大的努力，但她在上週完全被束縛住了手腳。
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