HO HO: Calls grow louder for international overview of U.S. markets

[rodeodance]

gosh, it has come to THIS!




http://agonist.org/20070828/calls_grow_louder_for_international_overview_of_u_s_markets

Calls grow louder for international overview of U.S. markets

Heather Timmons & Katrin Bennhold | New Delhi/Paris | August 28

IHT - (Ian - he who has the gold makes the rules. That ain't the States anymore.)

Politicians, regulators and financial specialists outside the United States are seeking a role in oversight of American markets, banks and rating agencies in the wake of recent problems related to subprime mortgages.

Their argument is simple: The United States is exporting financial products, but losses to investors in other countries suggest that American regulators are not properly monitoring the products or alerting investors to the risks.

"We need an international approach, and the United States needs to be part of it," said Peter Bofinger, a member of the German government's economics advisory board and a professor at the University of Würzburg.

While regulators in the United States have not been receptive to the idea in the past, analysts said that Europe and Asia have more leverage this time around. Washington might have to yield if it wants to succeed in imposing bilateral regulations on state-owned investment funds from emerging economies.

[Double T]

1. wall street and corporate america need a babysitter.

At least there are still some responsible adults left in this world.

[screembloodymurder]

2. This isn't funny.

Our markets may be due for a rude awakening.

[Double T]

3. Interesting how the rest of the world can see we're on the brink of disaster.........

while in the U.S. we're still in an absolute state of denial regarding our financial and economic stability and solvency.

[Spinzonner]

4. Colonies Again !

Bush's legacy