It looks like Treasury Secretary Geithner wants to completely socialize Wall St. and set up a level of regulation that will cover anything in the financial industry which has a pulse.
According to The Wall Street Journal, “It isn’t clear which companies would be brought under this umbrella. Administration officials believe they could include banks’ parent companies, insurance conglomerates and certain hedge funds, among others. ”
“Among others”, eh?
Douglas A. McIntyre
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It looks like Treasury Secretary Geithner wants to completely socialize Wall St. and set up a level of regulation that will cover anything in the financial industry which has a pulse.
