Regulate Hedge Funds

«“If the events of the last year have taught us anything, it’s that we need to regulate firms that are big enough to destabilize our economy if they fail,” Mr. Levin said. “It’s time to subject financial heavyweights like hedge funds to federal regulation and oversight to protect our investors, markets and financial system.”

Mr. Grassley said he believed the political winds had shifted since he made a similar proposal two years ago. It was never considered by Congress.»