March 18, 2007
Perspective on The Past Week's Stories
The debate over whether regulation is causing the US capital markets to become less competitive played out in two high-profile conferences in Washington D.C. this week -- Treasury Secretary Paulson's Capital Markets Conference and the U.S. Chamber of Commerce Conference -- although neither produced the headlines that perhaps their sponsors hoped for. The crash and burn of New Century Financial Corp. epitomized the subprime mortgage industry as the NYSE suspended trading in its stock. Finally, hedge funds, as always, got their share of attention -- Lehman Bros. bought a stake in D.E. Shaw hedge fund, The private equity firm Blackstone Group reportedly is planning an IPO, and the House Financial Services Committee holds a hearing.
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