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Regulators Likely To Take 2nd Look At Hedge Funds

Law360 (September 22, 2008, 12:00 AM EDT) -- A sudden appetite for regulation on Wall Street could have legislators re-evaluating the laissez-faire approach to hedge funds. But the wobbly and overleveraged $1.2 trillion industry could be in serious trouble before Congress gets its act together.

Wall Street was rocked last Monday by news that Lehman Brothers Holdings Inc. had filed for bankruptcy and Merrill Lynch & Co. Inc. had been scooped up by Bank of America Corp. Days later, the U.S. government was forced to provide an $85 billion bailout for insurer American International...
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