RICHARD PAULSON OR WHEN THE INMATES RUN THE ASYLUM
Financial Times Business blogger John Gapper writes from New York: Mr Paulson went on the Sunday talk shows in the US this weekend to tout his plan and promise to tighten up regulation of Wall Street. He denounced “irresponsible practices” under which mortgages were sold to unqualified buyers and “sliced and diced” all over the world. He concluded: “We very much need new regulations, new policies. What has gone on here is terrible, inexcusable and we need to deal with it. But that is go
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