Wednesday, July 11, 2007

UPDATE 1-US Congress eyes private equity, hedge fund giants

(Reuters) - WASHINGTON, July 11 - The new kings of Wall
Street -- as the managers of booming private equity and hedge
funds have been dubbed in the business press -- came under
unaccustomed scrutiny on Wednesday before the U.S. Congress.




In three separate hearings on Capitol Hill, lawmakers asked
whether these secretive and wealthy financiers pay enough taxes
and whether the Bush administration does enough to protect the
economy and investors from them.


Read more at Reuters.com Mergers News

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