Treasury Secretary Henry Paulson issued a sweeping proposal to overhaul how U.S. financial companies are regulated. The proposal does not address the immediate crisis, but seeks to lessen the impact of crises in the future.
Note: Experts quoted in this piece on Treasury Secretary Paulson's proposal include: Hal Scott, professor of finance, Harvard University; Nouriel Roubini, professor of economics, New York University, and founder of Roubini Global Economic Monitor; Lou Crandall, chief economist, Wrightson ICAP; and Travis Plunkett, legislative director, Consumer Federation of America.
Copyright 2023 NPR. To see more, visit https://www.npr.org.