Archive for April, 2008
Hammering Hank Paulson Wall Street Reformer
The former CEO of Wall Street’s largest investment bank, Goldman Sachs, now US Secretary of the Treasury, has proposed new legislation that would be the greatest Wall Street reform act since the Great Depression.
The short take on Mr. Paulson’s bank bailout plan is that the Federal Reserve Bank would become an extremely powerful entity, not that it’s not already, but it would become even more powerful with almost unlimited powers to regulate the nations financial affairs, banks, brokerage firms, hedge fund industry, you name it.
3Apr2008 | taipan | 0 comments | Continued