Geithner Game Plan, AIGFP, Peter Madoff: Compliance
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Treasury Secretary Timothy Geithner will ask Congress today to bring large hedge funds, private-equity firms and derivatives markets under federal supervision for the first time as part of a revamp of U.S. financial rules.
Geithner’s framework would set up an independent overseer for systemically vital firms. Bernanke has also called for a systemic-risk regulator, and said the central bank should have some role.