Obama to Seek Expanded Power Over Wall Street

[Cees Binkhorst]

REPLY TO: D66 at nic.surfnet.nl

Het wordt interessant om te volgen wie hier tegen gaat stribbelen.
De vice-president b.v. was bepaald geen voorstander van meer regulation ;)

Groet / Cees

http://www.foxnews.com/politics/first100days/2009/03/25/obama-seek-expanded-power-wall-street/
FOXNews.com Wednesday, March 25, 2009

WASHINGTON -- The Obama administration is proposing an extensive overhaul
of financial regulations to increase oversight of such exotic instruments
as credit default swaps that have been blamed for contributing to the
worst financial crisis to hit the country in seven decades.

Officials said Wednesday that the administration will seek to regulate the
market for credit default swaps and other types of derivatives and require
hedge funds to register with the Securities and Exchange Commission.

Treasury Secretary Timothy Geithner was scheduled to outline the
administration's proposals in testimony Thursday before the House
Financial Services Committee. Administration officials provided details of
the plan ahead of the testimony only on condition of anonymity.

The program the administration was presenting to Congress will also
include a recommendation for creation of a systemic risk regulator,
possibly at the Federal Reserve, to monitor risks to the entire system.

"The overall orientation...is to focus on the why and the what and the
rationale as opposed to the who," a senior administration official told
FOX News. "One of those principles will be independence so that will
certainly eliminate the Treasury Department. But we will not be making a
commitment to a specific systemic regulator. The focus will be on the why
and the what."
[restant weggelaten]

**********
Dit bericht is verzonden via de informele D66 discussielijst (D66 at nic.surfnet.nl).
Aanmelden: stuur een email naar LISTSERV at nic.surfnet.nl met in het tekstveld alleen: SUBSCRIBE D66 uwvoornaam uwachternaam
Afmelden: stuur een email naar LISTSERV at nic.surfnet.nl met in het tekstveld alleen: SIGNOFF D66
Het on-line archief is te vinden op: http://listserv.surfnet.nl/archives/d66.html
**********