Treasury officials are warning hedge funds could create the next big financial blowup
Posted on AllSides November 26th, 2016
From The Left
Hedge funds are essentially defined by their ability to slip through the cracks of the American financial regulatory system. They don't do banking, so they don't need a license from a bank regulator. They don't underwrite securities, so they don't warrant scrutiny from market regulators. And they aren't open to the mass public, so they evade consumer protection regulation too.