Même Henri Paulson est convaincu de la nécessité de réglementer, après avoir été un ardent promoteur du libéralisme financier.
During a Senate hearing, Securities and Exchange Commission Chairman Christopher Cox -- citing a "regulatory hole that must be immediately addressed" -- issued a strong call for Washington to exert oversight of exotic types of financial instruments that previously were unregulated. Also moving forward: proposals from Congressional Democrats to allow the government to set limits on executive pay and to take equity stakes in companies that tap a possible $700 billion government-bailout fund.
All told, the moves represent the early stages of what economists and policy makers say typically happens at moments of great economic turmoil: Government responds by crafting solutions that revolve around beefing up regulation and oversight.
"I have never been a proponent of intervention, and I just think we have an unprecedented situation here and it calls for unprecedented action," said Treasury Secretary Henry Paulson at a Senate Banking Committee hearing to defend his bailout plan. "There's no way to stabilize the markets other than through government intervention."