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Adam Blumenthal, managing partner at Blue Wolf Capital Management LLC, talked about how he sees new regulation of the financial services industry developing in the new Congress at the The Deal's M&A Outlook 2009 conference Wednesday morning.
"It's unlikely that today anybody can predict outcomes," he said. "The best we can do is predict the process
and try to see what the world, over the next six months, is likely to present us with. I think we'll see a level of volatility in government regulation that mirrors the volatility in the financial markets. "I think you're going to have a lot of noise," Blumental continued. "People on the regulatory side will be reactive to which shoes drop. The regulatory response will probably be similar to 2001, but more severe. "Which shoes drop in the first three months of the new administration will make a big difference in what direction regulation goes." - George White See all M&A Outlook 2009 posts Categories![]()
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