p.s. To your earlier point, the '40 ACT details investment requirements for Mone... | Hacker News

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		joelhaus on Aug 6, 2011 \| parent \| context \| favorite \| on: United States loses AAA credit rating from S&P p.s. To your earlier point, the '40 ACT details investment requirements for Money Market Funds [can't think of them now, but you are right, there are numerous statutory requirements related to the grade of security certain bodies may invest in]: http://taft.law.uc.edu/CCL/InvCoRls/rule2a-7.html

radicaldreamer on Aug 6, 2011 [–]

Those don't come into play because Moody's and Fitch maintained their AAA ratings for US treasuries.

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