Paulson’s Regulation Plans For Finance Markets
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Treasury Secretary Henry Paulson detailed a radical plan to change the way government regulates the financial system. He said: “Government has a responsibility to make sure our financial system is regulated effectively.”
The plan would greatly expand the powers of the Federal Reserve and would eliminate or combine longstanding agencies like the SEC. At the same time, Paulson warned that heightened regulation could hinder American financial markets in the global marketplace.
There are praise and criticism from a wide range of financial experts. What do you think?
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