Has the Federal Reserve lost its MIND!?!? The front page of the Financial Times’ headline read: “Fed Fears Over Bond Fund Run.” Fed officials are publicly ruminating about the need to impose EXIT FEES on bond funds so as to prevent a RUN BY INVESTORS. The Federal Reserve worries that the massive buildup in bond funds makes the market vulnerable to a classic run in an event of a some type of market destabilizing event. The idea, according to ex-Governor Jeremy Stein, is to slow redemptions in a crisis because corporate bond funds are the “… essence of shadow banking … giving people a liquid claim of illiquid assets.”