Home Wrath of McGrath Blog General Master of the World? NOW GEITHNER WANTS TO DRAG DOWN ALL OF EUROPE WITH THE U.S., Warning the EU Not to Regulate Hedge Funds Without Prior U.S. Approval of Any Regulations (Which, We See, On This Side of the Pond, Means No Regulation At All)

Master of the World? NOW GEITHNER WANTS TO DRAG DOWN ALL OF EUROPE WITH THE U.S., Warning the EU Not to Regulate Hedge Funds Without Prior U.S. Approval of Any Regulations (Which, We See, On This Side of the Pond, Means No Regulation At All)

Written by Jim McGrath Thursday, 11 March 2010 14:57

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The New York Times reports: "U.S. Secretary Tim Geithner has written to the European Commission warningt that plans to regulate hedge funds and private equity firms could cause tensions with Washington, The Financial Times reported. 

Citing a letter but not quoting directly from it, The Financial Times wrote to Michel Barnier, the European Commissioner in charge of market regulation on March 1 saying the EU was headed for a clash with the United States and Britain if the planned rules prove overly protectionist..."

Not content to wreck only one country for profit (Greece), Geithner, Goldman Sachs and the rest of Big Bank USA are setting their sights on the entire EU.  The big boys smell a kill, and too bad for all of Europe, eh? Because there's gold in them thar hills -- er, I mean les provinces, die stadts, and le reggione, too!

 Too bad, Geithner, too bad, pigs at the trough. If Europe has enough sense to outlaw all this toxic poison, more power to them. If the U.S. continues as it has, with blind corporate greed running this all (though the vast majority of Americans oppose it), then go ahead and lose your economic power and go to economic h** in a handbasket -- as you have been for the past 20 years. But don't say we didn't warn you and try to stop the madness.

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