US prepares to push for global capital rules


This evening on his Fox program Glenn Beck mentioned this news item from the Financial Times, which is available online only by subscription. It is, Beck argues, the cornerstone of the coming Global Government.

Fortunately, we’d seen the blurb this morning in a ‘tweet’ by Kosmosnet. If you have a subscription to FT, the link is here.

“The US is preparing to pivot from domestic regulatory reform to a push for a tough new international capital regime after the weekend’s G20 and International Monetary Fund meetings glossed over differences between leading economies.”

“Tim Geithner, US Treasury secretary, met Mario Draghi, chairman of the Financial Stability Board, on Sunday to discuss the contours of a system that would decide the safety and profitability of banks for decades to come and could eclipse the arguments over bank taxes and regulation.”


Comments are closed.