Seeking Alpha

U.S. regulators are finalizing a process to spotlight some nonbank financial companies for...

U.S. regulators are finalizing a process to spotlight some nonbank financial companies for tougher oversight, a key step before formally identifying which firms pose a threat to the financial system. KBW says this poses questions for Hartford Financial (HIG -2.4%), saying it's not clear whether HIG will be considered systemically important based on its derivatives liabilities.
Comments (1)
  • Tack
    , contributor
    Comments (12442) | Send Message
     
    Hey, just have Washington do a de-facto nationalization of all financial enterprises in the guise of "systemically important." I mean, Washington always does such a brilliant job running everything it touches. We should all be cheering this on, right?
    4 Apr 2012, 12:47 PM Reply Like
DJIA (DIA) S&P 500 (SPY)