Way Out West

As states weigh in on hedge fund registration, California has become the latest battleground.

California Department of Corporations commissioner Preston DuFauchard is a talented negotiator. That is why last fall Governor Arnold Schwarzenegger tapped DuFauchard, the state’s top financial watchdog, to work with lenders to get them to provide relief for the hundreds of thousands of California residents in danger of losing their homes because of the subprime mortgage crisis.

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