Geithner Presses SEC to Make Money Funds Safer

Nov. 13 (Bloomberg) -- U.S. Treasury Secretary Timothy Geithner, Securities and Exchange Commission Chairman Mary Schapiro, Federal Reserve Chairman Ben S. Bernanke, Commodity Futures Trading Commission Chairman Gary Gensler and Federal Deposit Insurance Corporation Acting Chairman Martin J. Gruenberg speak in Washington at a meeting of the Financial Stability Oversight Council about rules governing money market funds. Geithner, stepping up pressure on the SEC to make money funds safer, outlined three options to overhaul the $2.6 trillion industry. (Source: Bloomberg)