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Repiglican Roast

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Name: TheFuriousGourmet

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Friday, February 23, 2007

Bush Won't Regulate Hedge Funds. This is similar to his Iraq policy.

The US government has rejected tighter controls over the hedge fund industry.

Treasury Secretary Henry Paulson said increased vigilance rather than laws were the best guarantee of stable hedge fund performance.

Mr Paulson chairs the President's Working Group, which reviews risk in the financial markets.

His report has drawn criticism from politicians concerned at a lack of formal protection for investors in the 9,000 US hedge funds.

US hedge funds are estimated to control $1.5 trillion (£766bn) of assets.

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