Reactions to story from Paul Kedrosky's Infectious Greed
Chris Dodd: Investment Banking Regulations Needed
http://paul.kedrosky.com/ archives/ 2008/ 03/ 27/ chris_dodd_inve.html
Senator Chris Dodd (D.-CT), Chairman of the Senate Banking Committee, gave comments yesterday in an NPR interview on the Fed, regulation of investment banking, etc. that are well worth listening to. Check them here. The gist: Dodd thinks more regulation of investment banks is coming, in particular because of their recent back-up by the Fed. Talk about a Hobbsian choice: Accept a deal from the Fed and be regulated, or go bust, in part because of Fed policies. Okay, okay, it's not that stark, but you know what I mean. More reactions here.
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peHUB First Read
http://www.pehub.com/wordpress/?p=2233Some links to kick off your Friday: * A judge rules thatÃÂ Bear Stearns employeesÃÂ still have to give 90-days notice. * Scott Sperling of THL Capital talks to Erin Burnett about Clear Channel. * It was a day of plusses and minuses for ex-AIG chief Hank
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