Regulators' Scrutiny of Hedge Funds Increases

The Washington Post reports on growing regulatory and Congressional interest in regulating hedge funds.  However, many believe that the rich can take care of themselves.  And a more practical problem -- what agency has the resources to figure them out?  Former SEC Commissioner Harvey Goldschmidt warns the industry is two scandals away from pervasive regulation unless they clean up their houses.  See WPost, Hedge Funds Begin to Show Up on Regulators' Radar.