uscitizen
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Paulson Says New Financial Rules Needed
Wednesday March 26, 5:27 PM EDT
REGULATION NEEDED: Treasury Secretary Henry Paulson said Wednesday that big Wall Street investment houses must face stepped-up regulation if they are allowed access to the Fed's emergency lending.
RECENT EXAMPLE: The Fed recently backed JP Morgan's takeover of Bear Stearns. The demise of Bear Stearns underscores the need to bring investment houses under the kind of federal oversight given to commercial banks, he said in a speech to the U.S. Chamber of Commerce.
http://finance.myway.com/jsp/nw/nwdt_rt.jsp?section=news&feed=ap&src=601&news_id=ap-d8vlc1080&date=20080326
Brilliant deduction after the fact sherlock. Must be why you are treasury secretary
Wednesday March 26, 5:27 PM EDT
REGULATION NEEDED: Treasury Secretary Henry Paulson said Wednesday that big Wall Street investment houses must face stepped-up regulation if they are allowed access to the Fed's emergency lending.
RECENT EXAMPLE: The Fed recently backed JP Morgan's takeover of Bear Stearns. The demise of Bear Stearns underscores the need to bring investment houses under the kind of federal oversight given to commercial banks, he said in a speech to the U.S. Chamber of Commerce.
http://finance.myway.com/jsp/nw/nwdt_rt.jsp?section=news&feed=ap&src=601&news_id=ap-d8vlc1080&date=20080326
Brilliant deduction after the fact sherlock. Must be why you are treasury secretary