1. Saturday, October 27, 2012 - 9:19 AM
"The industry proposal appeared to focus on giving funds the ability to discourage withdrawals during times of crisis. Recently, BlackRock publicly proposed a plan to charge investors an extra fee to withdraw their money whenever a fund was under stress, discouraging hasty departures. And the fee would go back into the fund, encouraging others to stay put."
I wonder how many banks and credit unions would like that put into their disclosures/agreements for deposit accounts?
I wonder how many banks and credit unions would like that put into their disclosures/agreements for deposit accounts?
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