Treasury Secretary Henry M. Paulson Jr. today called for the Federal Reserve to be given new, explicit powers to intervene in the workings of Wall Street firms to protect the financial system, adapting his vision of how the financial world should be regulated to reflect the lessons of the collapse... -
Paulson Urges New Fed Powers
Treasury Secretary Henry M. Paulson Jr. today called for the Federal Reserve to be given new, explicit powers to intervene in the workings of Wall Street firms to protect the financial system, adapting his vision of how the financial world should be regulated to reflect the lessons of the collapse...-
By Neil Irwin