• Robert Pozen


Hits and Misses On Money Market Reforms. Robert Pozen, June 25, 2013, Opinion. "Many U.S. regulators view money market funds as a key source of systemic risk because of what happened to the Primary Reserve Fund during the 2008 financial crisis. When that Fund's holdings in the commercial paper of Lehman Brothers went south, the Fund "broke the buck" -- leading other investors to redeem the shares of similar money market funds, even if they did not hold any Lehman paper..." Link