Jekyll, Hyde and Timothy Geithner

Treasury Secretary Tim Geithner’s mostly innocuous push for reform could create a monster.


With one hand U.S. Treasury Secretary Timothy Geithner beckons to hedge funds, asking them to step up to the plate and help bail out the banks (see “The TALF Tangle”). With the other he bears the cudgel of regulation, proposing that hedge funds be marched down to Washington and registered with the authorities.

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