Word: messes
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...winners and losers of the Wall Street mess here...
...winners and losers of the Wall Street mess here.) (See photos of the troubled economy here...
...positive sign in this week's mess is that both the turf battles and unyielding attachment to deregulation have been abandoned, perhaps forever. The Fed and Treasury have together seized de facto control of the regulation of all financial institutions of significance, and nobody at either agency seems willing to believe anymore that financial markets are invariably right. In March, Treasury Secretary Hank Paulson proposed a system in which there would be one regulator (the Fed) in charge of market stability, another tasked with prudential regulation of institutions that rely on government guarantees (at the time it meant just banks...
...winners and losers of the Wall Street mess here.) (See photos of the troubled economy here...
...winners and losers of the Wall Street mess here...