Sunday, February 22, 2009

London UK tax havens - USA freedom to defraud

During Germany's turn at the presidency of the Group of Eight two years ago, Merkel pushed hard for more transparency on global financial markets and, especially, hedge fund regulation. But her efforts ran into against stiff resistance from Washington and London.

British Prime Minister Gordon Brown called for a "global New Deal"

HAHAHA you know what almost happened to Roosevelt?

The coup was aimed at toppling President Franklin D Roosevelt with the help of half-a-million war veterans. The plotters, who were alleged to involve some of the most famous families in America, (owners of Heinz, Birds Eye, Goodtea, Maxwell Hse & George Bush.s Grandfather, Prescott) believed that their country should adopt the policies of Hitler and Mussolini to beat the great depression.

EU leaders back sweeping financial regulations

By PATRICK McGROARTY . 1 hour ago

BERLIN (AP) . European leaders mounted a united front against the global financial crisis Sunday, proposing sweeping new market regulations, but it remained unclear whether economic giants like the United States and China would go along.

Heads of government and finance ministers from Europe's largest economies joined German Chancellor Angela Merkel in Berlin to lay the groundwork for a common European position on economic reforms before an April 2 summit of the Group of 20 nations in London.

"Europe will own up to its responsibility in the world," Merkel told reporters following the talks.

Leaders from Britain, France, Germany, Italy, Luxembourg, Spain, the Netherlands and the Czech Republic agreed to press for sanctions on tax havens, caps for managers' bonus payments.

French President Nicolas Sarkozy said that "Europe wants the system to be refounded," and stressed the importance of the April meeting.
"We all want London to be a success and we are all aware that it's (our) last chance," Sarkozy said. "We cannot afford a failure in London."

European leaders also backed Merkel's call for a "charter of sustainable economic activity" that would subject all financial market activities around the globe to regulation, including credit rating agencies.

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posted by u2r2h at 4:07 PM


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