SEC's Schapiro Loses Money Fund Regulation Fight

SEC's Schapiro Loses Money Fund Regulation Fight Play

Aug. 23 (Bloomberg) -- In "Street News," Bloomberg's Alix Steel reports on today's top stories including SEC chairman Mary Schapiro has lost her battle to impose tougher regulations on money market funds, the worst U.S. drought in half a century has caused ranchers to raise the least amount of cattle since 1973 and three firms compete to replace government's Humvee. She speaks on Bloomberg Television's "Bloomberg Surveillance."

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