Author Topic: EU to Push Global Oversight of Top Financial Firms  (Read 1647 times)

SueDonim

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EU to Push Global Oversight of Top Financial Firms
« 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