Paulson Calls for More Hedge Fund Oversight

On Thursday, Treasury Secretary Henry Paulson said he wants to see more hedge fund regulation as part of his proposal for creation of a new systemic risk regulator.

"To ensure the market stability regulator can fulfill its role, large, systemically-important institutions, including hedge funds, should be required to have a charter that would permit some type of oversight," MarketWatch quoted Mr. Paulson as saying in remarks at the Ronald Reagan Presidential Library in Simi Valley, California.

Earlier this year, Mr. Paulson outlined a plan for a Conduct of Business Agency, whose goal would be to oversee chartering and operations of financial firms, including hedge funds.

Read the whole story here.

Comments

[CR46]

Wow!! Paulsons got it going on!!! Great incite....but isn't it a little late?? LOL!!

[JBS]

How 'bout a little more Paulson oversight?

[imusintheevening]

A year late and a trillion dollars short.

[lvdragonlady]

What we really need is more Paulson 'oversight'. He just seems to sneaky to be trusted with 700B especially when no rules were put on that amount, where did half of it go?? His pocket?? His friends pockets??
Inquiring Americans would like to know.

[JSquercia]

I think the answer is his friends pockets but he won't tell us . Still no Transparency nor any oversight . He won't tell us who got what .
I see this as a prelude to bailing out Hedgefunds and if that happens there MUST be RIOTING in the streets .

[GerryS]

wow hank, I think the cow is out of the barn and is already eaten, all that is left is some bones and sinew. wall street even ate the MOO-----------------------------

[Rosey]

Hank Paulson needs oversight controls. How could he not put controls on the money given to banks so they lend to small businesses and folks instead of buying up other banks and giving dividends to their shareholders? Oh, well, of course...... he is one of them. How stupid can we be!

[TrooAmerican]

http://www.theonion.com/content/news/dollar_bill_on_floor_sends_wall

--- Wall Street Sent into a Frenzy!!!!

[mad as heck]

Thanks for this. Hilarious!

[Excitedforfuture]

Gee, ya think?

[DianeTreehugger]

I can't tell if that sound I hear is a barn door closing too late or the wind rushing between paulson's ears. All he needs is 3 hairs across that dome and his transformation into the Homer Simpson of finance will be complete.

[FogBelter]

Hank, you really want to poke that moving lump of vegetation in your backyard pond with a stick? I hear tell an voracious anaconda recently escaped the Zoological Gardens.

Careful there.

[Erdgeist]

Wow! Hank is sounding more and more like John Maynard Keynes who once said, "When the facts change, I change my mind."

[CaptainStormfield]

Little late for that. Its time to impeach Bush and Cheney and fire Paulson. Let Pelosi run a lame duck White House until Obama is inaugurated.

[WIpatriot]

Yeah, timing is everything....

[vippy]

Should have been done a long time ago and we would not have seen those exhorbitant gas prices.