The New Paulson Plan...Stay Tuned

Treasury Secretary Hank Paulson's new plan for financial regulations is an interesting one. The story is developing, but, according to BusinessWeek and Forbes, some of the highlights include merging the Office of Trift Supervision and the Commodities Futures Trading Commission into other bodies, create a national insurance regulator, and put the Federal Reserve in the primary role of market stability modulator or national risk regulator. The 22-page executive summary can be found here.