From the New York Times, U.S. to Detail Plan to Rein In Finance World,
The Obama administration will detail on Thursday a wide-ranging plan to overhaul financial regulation by subjecting hedge funds and traders of exotic financial instruments, now among the biggest and most freewheeling players on Wall Street, to potentially strict new government supervision, officials said. (NYT)
Share your thoughts: How will stock markets react on this?
I recently argued, massive capital moves by the big players of the financial industry is what moves stock markets, and stock markets reflect their opinion and confidence. Of course, I don’t know this, in fact I would say the statements are nothing but gut instinct. Nevertheless, my prediction is, markets will go down. My guess is, those folks don’t like government’s nose in their affairs.