Gary Gensler going hard AF at Money Market Funds today:
"Money market funds and open-end bond funds, by their design, have a potential liquidity mismatch—between investors’ ability to redeem daily on the one hand, and on the other, funds’ securities holdings that may have lower liquidity." Hmm...
![](https://dismal-jellyfish.com/content/images/2023/08/image-119.png)