Key elements of the Obama financial overhaul
Wednesday, September 16, 2009 : PermalinkAP – The Fed would gain power over big firms whose failures could traumatize the system. Previously unregulated hedge funds, private-equity firms and investment advisers would have to register with the Securities and Exchange Commission.
All the regulators would force banks to keep more capital in reserve to offset risk. Regulators already are doing this, but the administration wants to make it law.
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hedge funds, investment advisers, private equity firms, securities-and-exchange