"Profit from your knowledge!"
The Bull Bear Trader discusses market events and news with an interest in understanding risk and return in both bull and bear markets. Discussion topics include trading and hedging strategies, derivatives, risk management, hedge funds, quantitative finance, the energy and commodity markets, and private equity, as well as an occasional investment opinion.
Tuesday, April 1, 2008
Small Banks Attacking Paulson Plan
The WSJ is reporting how small banks and credit unions are attacking the Paulson plan. This was to be expected, as the proposal was probably a surprise to them - with the move from state to federal regulation that is being proposed. Given that each district has numerous banks and credit unions, many with donors, it is likely that Congress will need to address these concerns. With other issues on the table, not to mention election year politics, it is doubtful that Paulson will see approval during his tenure.
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