Thursday, March 27, 2008

Financial turmoil

Stories in today's WSJ.

Ten Days That Changed Capitalism
The U.S. government discarded a half-century of rules to save American financial capitalism from collapse over the past 10 days. But were the rescue moves, which put billions of dollars of taxpayer money at risk, enough?

Fed Reshapes Wall Street Rules
Paulson said the Fed should exert greater scrutiny over securities firms since it started lending directly to them for the first time, sending stocks tumbling.


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