The Survival Podcast Forum

Finance and Economics => The Money Board => Economic News, the Global Economy and all Things Monetary => Topic started by: SueDonim on October 18, 2008, 08:56:09 PM

Title: EU to Push Global Oversight of Top Financial Firms
Post by: SueDonim on October 18, 2008, 08:56:09 PM
It's not that international cooperation is necessarily a bad thing.  But a regulatory body needs an enforcement mechanism.

And that does not square with national sovereignty or the US Constitution.

And how will they fund it?  With a UN administered tax?  The Tobin tax perhaps?

How quickly the slide to socialism seems to be....

http://online.wsj.com/article/SB122410374174437725.html?mod=dist_smartbrief (http://online.wsj.com/article/SB122410374174437725.html?mod=dist_smartbrief)