paulson generates business for consulting firms

Henry Paulson, the US Treasury Secretary, will create huge business opportunity for consulting firms with his proposed regulation. It's the broadest reform of oversight in the financial markets since the aftermath of the Great Depression.

Businesses are amenable to the same as it will streamline the regulation to avoid such fiascos such as Bear Sterns. It will result in reduced profits but will reduce risk of persecution later.

This regulation translates into a huge opportunity for the consulting firms because both the Fed as well as the commercial sector will have a run for becoming ready for the new era! Consulting firms will flash their accelerators to get the business. As time will be of importance, the billing rates will be at a premium.