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Paulson Wants Closer Tabs on Investment Banks

More transparency needed if they're to borrow from Fed, Treasury chief says

By Sam Gale Rosen, Newser Staff

Posted Mar 26, 2008 2:25 PM CDT

(Newser) – Treasury Secretary Henry Paulson said today that investment banks owe the government more information about their financial condition if they are occasionally allowed to borrow money from the Federal Reserve, the New York Times reports. Paulson seemed to call for tighter regulations before calling the... Read full story »

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Federal Reserve • Henry Paulson • Bear Stearns • Treasury Department • investment banks • commercial banks • discount window • financial crisis

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Paulson Wants Closer Tabs on Investment Banks

More transparency needed if they're to borrow from Fed, Treasury chief says

Federal Reserve • Henry Paulson • Bear Stearns • Treasury Department • investment banks • commercial banks • discount window • financial crisis

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More Newser Stories

Bailout Won't Bail Out Bernanke

Nation needs explanation of how it will help

Better Than a Bailout: Boost FDIC Coverage to $1M

Higher deposit insurance would bring money in, help thaw credit markets

Fed, Treasury Fall Back on Existing 'Inadequate' Tools

With no federal deal, agencies limited to ad hoc solutions

Execs Were Paid $3B to Lay Credit Crisis Foundation

Wall Street chieftains were well rewarded for risks they took in 2003-07

We Don't Really Need a Bailout

With investment banks dead, the point of this is ... what, exactly?

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