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Only Real Fix Is Regulatory, Analysts Say

A dragonfly is seen on a Wall Street sign in New York September 18, 2008. Deregulation was the theme song of the Ronald Reagan presidency, epitomised by his assertion that 'Government is not the solution. Government is the problem.' (Eric Thayer/Reuters)

WASHINGTON - The blood flowing this week from Wall Street, spilling over into the homes of most citizens and the economies of other countries, raised urgent calls for stricter regulation of major players in the U.S. economy.

Thursday's immediate worry was the health of the two remaining large-scale private investment firms Goldman-Sachs and Morgan Stanley, as well as Seattle-based Washington Mutual. Would they make it through the day?

By mid-day Morgan Stanley was reported to be looking for a buyout by a regional bank, Wachovia.

Posted in Economy/Trade