Making recommendations would give the SEC a second chance, but will not solve the stability problem if there aren't three commissioners who are willing to accept them.

For 50 million investors and the multitude of municipalities, corporations and other entities which depend on money market funds for efficient funding, it is crucial to set the record straight.

Would you take money that your daughter needs for braces and make a short term loan to a Wall Street firm? Probably not, but if you've put your ready cash in a prime money market fund, those are the kinds of places where your money may be sitting now.