Prof. Alan Rechtschaffen, right, listens as Federal Reserve Chairman Ben Bernanke answers students' questions after speaking at the New York University Law School in an event sponsored by the school's Global Economic Policy Forum in New York, Wednesday, April 11, 2007. The current market-based system is the best way to regulate the trillion-dollar hedge fund industry although improvements can be made, Federal Reserve Chairman Ben Bernanke said Wednesday.

Photo by Kathy Willens, AP photo

Prof. Alan Rechtschaffen, right, listens as Federal Reserve Chairman Ben Bernanke answers students' questions after speaking at the New York University Law School in an event sponsored by the school's Global Economic Policy Forum in New York, Wednesday, April 11, 2007. The current market-based system is the best way to regulate the trillion-dollar hedge fund industry although improvements can be made, Federal Reserve Chairman Ben Bernanke said Wednesday.

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