The commission members who opposed privatisation wanted to underpin the solvency of the Social Security trust fund by raising contribution rates.

ECONOMIST: Gary Bauer and the virtue deficit

Today's failure of confidence is based on three related issues: the solvency of banks, their ability to fund themselves in illiquid markets and the health of the real economy.

ECONOMIST: The credit crunch

Their regulations require all pension funds to buy solvency insurance from a central public-sector fund.

ECONOMIST: British government debt

One venerable MMF, the Reserve Primary Fund, was in 2008 in the unenviable position of having bet unwisely on the solvency of Lehman Brothers.

FORBES: Money Market Fund Reforms Remains Elusive