Bear Stearns shows financial 'world has changed,' new regulations needed, Treasury chief says (Savannah Morning News)
Story date: 2008-03-26 09:56:39
Added on: 2008-03-26 22:00:16
WASHINGTON - If big Wall Street investment houses are allowed to run to the Federal Reserve for emergency lending, they must face stepped-up regulation, Treasury Secretary Henry Paulson declared Wednesday.
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