Say hello to the new boss, not quite the same as the old boss:
The U.S. is about to create the equivalent of the U.K.'s Financial Services Authority to keep all of these spoiled preppies in line. Further down the article, we see just how large Uncle Sam's regulatory maw will be:
Oh snap, they're going after PE and VC. Is that really necessary? It's not like VC partnerships have 30:1 leverage like zombie banks. That probably means I'll have to register Alfidi Capital at some point. I guess that's a small price to pay to keep the big boys in line.
Treasury Secretary Timothy Geithner on Thursday called for broad reforms to curb risk taking on Wall Street, including a new regulator to oversee the entire financial system in a bid to restrain behavior that led to the worst credit crisis since the 1930s.
The U.S. is about to create the equivalent of the U.K.'s Financial Services Authority to keep all of these spoiled preppies in line. Further down the article, we see just how large Uncle Sam's regulatory maw will be:
In one key move, Geithner said hedge fund advisers and others who control big pools of capital like private-equity funds and venture capital firms should be forced to register with the Securities and Exchange Commission.
Oh snap, they're going after PE and VC. Is that really necessary? It's not like VC partnerships have 30:1 leverage like zombie banks. That probably means I'll have to register Alfidi Capital at some point. I guess that's a small price to pay to keep the big boys in line.
