Slamming The Money Market “Gates” – Capital Controls Coming To $2.6 Trillion Industry

http://www.zerohedge.com/news/2013-06-05/slamming-money-market-%E2%80%9Cgates%E2%80%9D-%E2%80%93-capital-controls-coming-26-trillion-industry

The first time we wrote about the Volcker-led Group of 30 recommendation to crush Money Markets in January 2010 by effectively imposing capital controls and fund "gates", whose purpose was simply to scare investors out of the $2.6 trillion liquidity pool and force said capital to reallocate into a much more "reflation friendly" asset classes such as stocks, many were concerned but few took it seriously. After all, such a coercive push into a "free" market at the time seemed incomprehensible (if, in reality, turned out to be just a few years ahead of its time).T