Politics & Government

March 26, 2009 3:21 PM

Geithner outlines sweeping increase in financial regulation

Treasury Secretary Timothy Geithner presented the House Financial Services Committee the Obama administration's six-point regulatory blueprint for beefing up financial regulation. It would subject lightly regulated segments of the financial sector, such as hedge funds and private-equity firms, to greater scrutiny and bring oversight to esoteric "derivatives."

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