If anything is calculated to cause despair about the prospects of making the financial system safer, it is the failure of the Securities and Exchange Commission to tame the $2.6tn US money market fund industry. Mary Schapiro, the SEC chairman, has tried her best but she was stymied last week.
如果说有什么问题使人对增强金融体系安全性的前景感到悲观，那就是美国证交会(SEC)未能整饬好2.6万亿美元的美国货币市场基金行业。SEC主席玛丽•夏皮罗(Mary Schapiro)已尽了最大的努力，但她在上周完全被束缚住了手脚。
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