The rejected proposals are thus good policy: money-market funds should be made safer – via capital requirements and liquidity restrictions – because they already receive a de facto government guarantee. Their steady value makes them appear safer to investors than they are to the world’s financial system.
因此被否决的提案都是些好政策：货币市场基金应该变得更加安全——通过对资本的要求以及流动性限制——因为他们已经获得了一个事实上的政府担保。它们的稳定价值使它们看上去对投资者显得更安全——对全球金融系统就难说了。