September 5, 2009
Money Market Funds are an important and integral part of managing my hard earned assets. I fear ANY Government change, not knowing whether it is a part of the long-term strategy of current law makers and administrative (Executive) branch's plan to centralize (Federal) government control over the political and financial power structure of our country. The free market has served this country well over our extended history and my life time.
Specially, I am ADAMANTLY opposed to allowing the per-share value of Money Market Funds to float rather than being pegged at a constant $1.00 per share value. This change would destroy the essence of the purpose of a Money Market Fund -- its essential feature that makes it different and unique among investments.
Andrew Donohue's support of such a change does NOT represent the basic needs of the common Money Market investor.
THANK YOU FOR STILL ALLOWING THIS COMMENT.