Paulson’s Proposals Encourage Discord |
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The acclaimed US Treasury Secretary Henry Paulson’s wise approach of re-fabricating the US economy in the form of making the Federation responsible for overall issues of financial market stability has already earned strong criticisms from different echelons of the country. However, Paulson is firm to go for extensive, wide-ranging reforms to the way the government regulates financial markets, including proposals to give the Federal Reserve more power and create new bodies to monitor mortgages and other transactions. But the whole nation is sharply divided over the estimation of the entire proposal and its apt implementation. To some the Treasury’s report is the specimen of a timely and thoughtful analysis and an imperative approach in the complex task of modernizing the financial and regulatory architecture. While to others without addressing the complex issues like CDOs and credit default swaps, posing potential problems in terms of systemic risk, the scheme will be futile. Read more: http://www.marketwatch.com/new... Posted by subhasis on Tuesday Apr 01 reply Comments |
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