Date: April 1st, 2008

Congress enacts sweeping capital markets reform

1 April, 2008 (09:40) | Markets, Subprime, US News | No comments

Despite gloomy pronouncements by Treasury Secretary Henry Paulson, upon introducing his capital-markets reform package, the Senate this morning enacted the entire proposal, with the House following suit by voice vote.

Listening with wrapped attention?
 
Yesterday the Secretary had been cautious, as reported in The Wall Street Journal:
 
WASHINGTON — U.S. Treasury Secretary Henry Paulson on Monday acknowledged […]