France & Germany May Force Financial Reform On US

[Me.]

There was a thread abut this yesterday but it didn't get much play. Europe is set to force us to regulate hedge funds IF we want to continue doing business with them.

“European countries led by France and Germany plan to push through controversial hedge fund regulations next week after turning down British pleas to defer a vote in Brussels.

The refusal by Paris and Berlin to delay a decision on the new rules, which are opposed by the U.K., has set up a bruising early confrontation with David Cameron’s new government.”

The Americans are going absolutely ape,” said a person involved in the negotiations. “There’s this overwhelming belief now in Europe that if we legislate first, then the US will follow what we do.”…cont…

http://www.theglobeandmail.com/report-on-business/hedge-funds-vote-threatens-eu-us-rift/article1568738/?cmpid=rss1

“FT.com) — European countries led by France and Germany plan to push through controversial hedge fund regulations next week after turning down British pleas to defer a vote in Brussels. The refusal by Paris and Berlin to delay a decision on the new rules, which are opposed by the UK, has set up a bruising early confrontation with David Cameron’s new government. The directive has also caused concern in the US. Tim Geithner, Treasury secretary, wrote to EU officials in March warning that, if unchanged, the new regulations could trigger a transatlantic rift by unfairly locking US funds out of European markets.”

http://www.atlantapost.com/2010/05/vote-on-hedge-funds-threatens-eu-us-rift/

[Oregone]

1. Hopefully itll just be France in the end

Then Glenn Beck can lead a suicide cult with the rest of the Tea Baggers and be done with it.

[dflprincess]

5. On the other hand, if the Germans do it

Beck may get so confused about "Nazis" coming for him that he'll take Lewis Black's advice - find a nice attic to hide in quietly until we tell him it's safe to come out.

Either way we'd be rid of him.

[Auggie]

2. Vive la France

[fascisthunter]

3. good, because our pathetic fascist government won't do a damn thing

on their own but continue to protect their upper-class cows.

[Me.]

6. They're Going To French Fry Us

Ironic considering the way members of our Congress has behaved towards France. We may be in for another round of freedom fries.

[fascisthunter]

10. bank on the idiot RWers to place another anti-french bumpersticker

ont their vehicles.

[kenny blankenship]

4. You realize, of course, this means war.

[Me.]

9. Fry vs. Fry

[dipsydoodle]

7. unfairly locking US funds out of European markets

aka you wanna fuck yourself then feel free.

To trade in Europe they'll need hard funds on deposit in European banks to cover any losses in advance of those events.

[tridim]

8. Seems like the entire planet is about to change.

For the good, for once.

Bring it on.

[malaise]

11. Good for France and Germany

This was always on the cards.