Some very constructive regulatory proposals from the Treasury Department. I was happy to see that they want to remove the Fed’s ability to be the sole arbiter over which investment banks to bail out and how large a check to write. Wouldn’t the world be a better place today if the executive branch had taken a proactive role in regulation years ago??
Paulson Calls for Process to Liquidate Failing Firms (Update2) By Elizabeth John Brinsley and Rebecca ChristiePosted July 2, 2008 by Nathan Gendelman
