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Politics : The Obama - Clinton Disaster
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To: GROUND ZERO™ who wrote (9924)3/25/2009 11:56:14 PM
From: puborectalis  Read Replies (1) of 103300
 
Treasury Secretary Timothy Geithner will ask Congress to bring large hedge funds, private- equity firms and derivatives markets under federal supervision for the first time as part of a revamp of U.S. financial rules.

The Treasury chief will present his proposed framework at a House Financial Services Committee hearing in Washington tomorrow. Under the new so-called rules of the road, the government would get powers to seize and wind down any financial company big enough to destabilize the banking system.
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