Geithner and EU regulation of derivatives
“Mr Geithner warns that US hedge funds, private equity groups and banks could be discriminated against if proposals to restrict the access of EU investors to funds based outside the 27-country bloc are included in the final law.” Geithner Warns of Rift Over Regulation
as declared over this:
“Germany and France on Wednesday called on the European Union to consider banning speculative trading in credit default swaps and set up a compulsory register of derivatives trading.” Call For Ban ON CDS Speculation
Once again Geithner has shown whose interests are more important. It certainly isn’t Main Street when it comes to exports/imports. God forbid, some other country begin to regulate Wall Street though!
