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...ruinous potential in our economy. Yet these bodies have been allowed to operate with a minimal level of oversight for years. Treasury Secretary Timothy Geithner’s call for an expansion of financial regulation and increased transparency faces a long struggle through Congress but will prove a crucial framework for promoting future economic stability. Mangers at hedge funds and other unregulated market players are often reluctant to open their bets to scrutiny or reveal their positions in the market because doing so allows competitors to mirror trades and dilute profits. Many also view the paperwork and bureaucracy associated with...

Author: By The Crimson Staff | Title: The End of Under-Sight | 3/30/2009 | See Source »

...points, or more than 6%. Scott Talbott, the top lobbyist for the Financial Services Roundtable, said that while some information is missing there's probably enough for buyers to figure out whether it's worth risking their money. "It's not perfect," Talbott said, "But it is a workable framework...

Author: /time Magazine | Title: Geithner's Toxic-Asset Plan: Wall Street Finally Cheers | 3/23/2009 | See Source »

Constructing a strong framework around the shakier parts of the program was the key. To that end, Geithner spent the first part of the press conference talking about all the other programs he and the rest of the federal government have so far unveiled: help with housing, consumer loans and stabilizing banks balance sheets with direct infusions of cash. When he finally rolled out the toxic asset plan itself - in three separate parts - he carefully packaged the shakiest component with ones the market was more likely to have confidence...

Author: /time Magazine | Title: Geithner's Toxic-Asset Plan: Wall Street Finally Cheers | 3/23/2009 | See Source »

...banks' books - it will be a dangerous moment for him. Not only will the health of the banks and the economy depend on whether his new program is well received but Geithner's reputation will be on the line as well. Panned after he put out a vague framework on Feb. 10, the new Treasury Secretary has only so many chances to instill confidence. With the new bank plan, he's getting a second chance, but it will be a hard sell...

Author: /time Magazine | Title: Geithner Faces Questions as He Prepares to Roll Out Toxic-Asset Plan | 3/17/2009 | See Source »

...work of individual writers and voices, and away somewhat from the institutional brand," the Project's study proclaims. Websites like Global Post now allow individual journalists to become independent contractors, "in much the way photographers have operated for years at magazines." But the demise of an institutional framework to ensure quality and reliability would mean that consumers themselves would have to decide which journalists to trust. And already, there are growing doubts about "whether the generation in charge has the vision and the boldness to reinvent the industry ... [And] it is unclear, say some, who the innovative leaders...

Author: /time Magazine | Title: The State of the Media: Not Good | 3/16/2009 | See Source »

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