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Saturday, March 29, 2008

NY Times Analysis of Treasury Regulatory Plan

by Calculated Risk on 3/29/2008 06:29:00 PM

Nelson Schwartz and Floyd Norris provide an analysis of the new regulatory plan from the Treasury: In Treasury Plan, a Reluctant Eye Over Wall Street

[T]he proposal would impose the first regulation of hedge funds and private equity funds, that oversight would have a light touch, enabling the government to do little beyond collecting information ...

The plan hands vast new authority to the Federal Reserve, essentially formalizing what has been an improvised process over the last three weeks.
There is much more in the analysis.