Texas Bankruptcy Laws

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March 28th, 2008

Washington, Wall St. Tangle on Oversight

“We need a single regulatory body like the UK’s Financial Services Authority”

One of the casualties of the ongoing credit crisis is a long-held notion on Wall Street that the investment banking community can take care of its own problems.

Everyone from Barack Obama to Treasury Secretary Henry Paulson is floating ideas about how to strengthen oversight of financial institutions after decades of deregulation. And the Federal Reserve is at the center of the debate after intervening to save Bear Stearns Cos. from collapse by engineering its sale to JPMorgan Chase & Co. More Technorati Tags via Yahoo:
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