Levitt: Bank Run More Likely, Regulatory Fix Needed

Levitt: Bank Run More Likely, Regulatory Fix Needed Play

Aug. 23 (Bloomberg) -- Mary Schapiro, chairman of the U.S. Securities and Exchange Commission, canceled a vote on a proposal to tighten money-market fund rules amid opposition from fellow commissioners and a lobbying campaign by fund companies. Former SEC Chairman Arthur Levitt speaks on Bloomberg Television's "Market Makers." (Source: Bloomberg)

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