Comment on Reining in hedge funds

Reining in hedge funds

The secretive era for hedge funds may soon be ending. The Obama administration yesterday proposed overhauling the nation's financial regulatory system, bringing government oversight to hedge funds, some of which have had spectacular implosions or fraud-related collapses recently, and to derivative securities, such as credit-default swaps that were behind the $170 billion federal takeover of American International Group .

 

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