Treasury secretary says investment firms need greater supervisionU.S. Treasury Secretary Henry Paulson said investment bankers should face additional regulation. Speaking March 26, he said that if investment bankers want access to the Federal Reserve’s Discount Window, they should be subject to the same rules that commercial banks face. Meanwhile, Max Baucus, D-Mont., the Senate Finance Committee chairman, and Charles E. Grassley of Iowa, the panel’s top Republican, demanded details about the sale of Bear Stearns and any possible effect on taxpayers. Plus, Rep. Barney Frank, chairman of the House Financial . . .
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