Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

US prepares to push for global capital rules
Financial Times ^ | Sunday April 25, 2010 | Tom Braithwaite

Posted on 04/25/2010 5:10:12 PM PDT by Bigtigermike

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.

One participant at a US Federal Reserve meeting this month to discuss the new regime said “full and frank” did not do justice to the furious response from some industry delegates.

The reaction from capital hawks was that a blunt backstop might be better than an overreliance on the sophistication of risk models and regulators. They also said banks would be given plenty of time to adjust to the new system, perhaps several years, to minimise the immediate impact on credit provision.

Technocrats said they were stepping up the pace of their work, drawing up impact assessments for new regimes. But they were under contradictory pressures, not only over content but also timing, with countries including France recommending a slower, more deliberative approach while the US urges more speed.

For all the technical work, there is an increasing belief that governments and central banks will supersede the Basel officials in the next few months and engage in contentious meetings over the summer.

(Excerpt) Read more at ft.com ...


TOPICS: Business/Economy; Front Page News; News/Current Events; Politics/Elections
KEYWORDS: banks; bhofascism; democrats; elections; nwo; obama; tyranny

1 posted on 04/25/2010 5:10:12 PM PDT by Bigtigermike
[ Post Reply | Private Reply | View Replies]

To: Bigtigermike

This is a sensible reform, which renders all other regulation unnecessary. Put all assets on the balance sheet, and require sufficient capital to cover losses.


2 posted on 04/25/2010 5:11:48 PM PDT by proxy_user
[ Post Reply | Private Reply | To 1 | View Replies]

To: Bigtigermike

This is a massive move by the UN/Bilderberg/CFR/TC type transnational progressives (read, global Marxofascists) in their plans for control.

This is worse than Obamacare and yes it is a very out-in-the-open conspiracy.

Here is one kind of introduction to this attack upon American sovereignties and freedoms:

“Obamafinance - Palin: Institutionalizing Crony Capitalism, Soros: Go for it”
http://www.freerepublic.com/focus/f-news/2499998/posts


3 posted on 04/25/2010 5:15:18 PM PDT by unspun (PRAY & WORK FOR FREEDOM - investigatingobama.blogspot.com)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Bigtigermike

I’M KING OF THE WORLD.


4 posted on 04/25/2010 5:20:15 PM PDT by edcoil (If I had 1 cent for every dollar the government saved, Bill Gates and I would be friends.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: proxy_user
This is a sensible reform, which renders all other regulation unnecessary.

BWAAA-HAAA-HAAA-HAAA-HAAA-HAAA-HAAA!!!!!

So, once the global-control freaks get control of the global financial system, they won't use it as a tool for "social engineering?"

And you expect people to believe that?

Seriously?

5 posted on 04/25/2010 5:28:30 PM PDT by E. Pluribus Unum (FYBO: Islam is a religion of peace, and Muslims reserve the right to kill anyone who says otherwise.)
[ Post Reply | Private Reply | To 2 | View Replies]

To: Bigtigermike
Constitution? We don’t need no stinking Constitution!
6 posted on 04/25/2010 5:35:29 PM PDT by SuperLuminal (Where is another agitator for republicanism like Sam Adams when we need him?)
[ Post Reply | Private Reply | To 1 | View Replies]

To: E. Pluribus Unum
"And you expect people to believe that? Seriously?"

Check out "Proxy_User"'s weird sign-up date.

7 posted on 04/25/2010 5:47:37 PM PDT by Matchett-PI (Jim Wallis speaks for Christians the same way that Jesse Jackson speaks for all blacks.)
[ Post Reply | Private Reply | To 5 | View Replies]

To: Bigtigermike
How exactly did the international financial system harm the US?

Do we now see the leftists that decry military police actions now supporting financial police actions?

Do we need permission from the world to regulate and protect our financial systems?

This seems like more of the 0zero self defeatist USA sucks the world hates us lets bend over policy to me...

8 posted on 04/25/2010 6:32:46 PM PDT by DBeers (†)
[ Post Reply | Private Reply | To 1 | View Replies]

To: proxy_user

Did you forget the sarcasm tag?


9 posted on 04/25/2010 7:14:24 PM PDT by mojitojoe (“Our leaders seek to pit us against one another, and torment us relentlessly."Mark Levin)
[ Post Reply | Private Reply | To 2 | View Replies]

To: Bigtigermike

Regulation yes, but no doubt more importantly, it will require new international taxes.


10 posted on 04/25/2010 7:43:57 PM PDT by RJL
[ Post Reply | Private Reply | To 1 | View Replies]

To: Bigtigermike

They need to change the title!! its not the U.S. that wants this!! it’s the commie loving socialists new world order group!! that wants this!!


11 posted on 04/25/2010 8:27:05 PM PDT by angelcindy ("If you follow the crowd,you get no further than the crowd")
[ Post Reply | Private Reply | To 1 | View Replies]

To: Bigtigermike
a system that would decide the safety and profitability of banks
12 posted on 04/25/2010 9:12:32 PM PDT by Chode (American Hedonist *DTOM* -ww- NO Pity for the LAZY)
[ Post Reply | Private Reply | To 1 | View Replies]

To: mojitojoe

I mean that having capital rules is a sensible reform, as opposed to the ridiculous rules proposed by the Democrats in Congress, such as limiting the pay of executives and prohibiting banks from engaging in proprietary trading.


13 posted on 04/26/2010 3:50:23 AM PDT by proxy_user
[ Post Reply | Private Reply | To 9 | View Replies]

To: Bigtigermike

Another step toward the World Government of the Antichrist.


14 posted on 04/26/2010 6:34:56 AM PDT by RoadTest (Religion is a substitute for the relationship God wants with you.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: RoadTest

You got it. I’ve been warning about this since 1980s.

Finally they are not hiding it... it’s a scandal of major proportions.

Welcome to the one world government with Obamasoros as King.


15 posted on 04/29/2010 8:05:06 AM PDT by CowHampshire (NH, Tea Party, Banking Elite, Obama, Cloward-Piven, Totalitarianism, Fascism, Taxation)
[ Post Reply | Private Reply | To 14 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson