id	author	title	date	pages	extension	mime	words	sentence	flesch	summary	cache	txt
cblr-1792	Ondersma, Chrystin	Shadow Banking and Financial Distress: The Treatment of “Money-Claims” in Bankruptcy	2013	69	.pdf	application/pdf	24151	1006	52	Dodd-Frank-in spite of its massiveness, and in spite of the shock of the financial crisis that prompted its enactment-did not prohibit or even circumscribe short-term lending, nor does it adequately protect money market investors.191 The SEC is attempting to regulate the MMMF industry by preventing fund sponsors from signaling to investors that such funds are risk-free, but such proposals are facing stiff opposition from the financial industry, and carry risks of their own: if rules change, causing money market investors to doubt their ability to withdraw their funds on demand, a run could ensue. The current distribution structure immunizes (and thus arguably encourages)16 certain types of financial contracts (derivatives and certain types of money claims, such as repos and some commercial paper claims), while leaving some money-claimants unduly exposed (for example, certain commercial paper obligations owed to money-market mutual funds, which, in turn, expose the investors in the fund).	cache/cblr-1792.pdf	txt/cblr-1792.txt