Wednesday, May 17, 2006

Washington in No Rush to Regulate Hedge Funds

The Bush administration, the Federal Reserve and Congress betrayed no sense of urgency Tuesday about the need for any beefed-up federal oversight over the booming hedge-fund business.
Late on Tuesday evening, new Federal Reserve chief Ben Bernanke suggested that government oversight of hedge funds might create “moral hazard” where private investors would assume they would be bailed out for any losses.

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