US PRESS: Some US regulators and lawmakers are about.
FXFXFX.com 2011-06-22 13:25:14 AM GMT +0800

US PRESS: Some US regulators and lawmakers are concerned about
money-market mutual funds' exposure to European banks, the WSJ says.
While the biggest US money funds have minimal direct holdings of Greek
government debt, they hold roughly $1 trillion of debt issued by big
European banks such as BNP Paribas, Barclays and Deutsche Bank,
according to industry analysts, the paper says. And those banks hold
piles of Greek and other European government bonds, exposing them to
large potential losses if the European sovereign-debt crisis takes a
turn for the worse, the WSJ says.