Trichet Sides With Advocates of Crackdown

Trichet Sides With Advocates of Crackdown
Separately, the leaders of France and Britain, meeting in London, said they were close to forging an agreement on regulating hedge funds. “At some point in our recent past, finance lost contact with its raison d’être,” Mr. Trichet said, according to the text of remarks delivered at a gathering of economists, policy makers and bankers at Stanford University in California.

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