We have seen the Great Charter of the Lord Paulson, sometimes King of the Treasury, our bank-funder, of the liberties of hedge funds in these words: Paulson by the grace of the market, regulators, SEC officials and other our faithful subjects, which shall see this present Charter, Greeting. Know ye that we, unto the honour of Almighty Alpha, and for the salvation of our alpha and the alpha of our progenitors and successors, to the advancement of our wealth, and amendment of our financial realm, of our meer and free will, have given and granted to all regulators, SEC officials, and to all free institutions of this our financial realm, these liberties following, to keep our hedge fund kingdom forever.
Treasury Sec Hank Paulson said yesterday he wants hedge funds and other financial institutions to be required to obtain charters allowing for oversight.
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