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Obama Plan To Call For Supervision Of Globlal Financial Firms Through Supervisory Colleges
President Barack Obama will lay out a sweeping series of reforms for the financial sector Wednesday.
A senior administration official familiar with the plans, speaking to reporters on condition he not be named, said Tuesday that the damage caused by the recent financial crisis showed the urgent need for action.'
"It has called into question the basic fundamentals of our financial system," he said. "It has revealed significant gaps and weaknesses across our system of financial regulation...
...The final part of the plan will be to continue to work on the world stage to make sure regulations in other countries will be stronger in a more globally interconnected world.
reply to post by burntheships
Obama Plan To Call For Supervision Of Globlal Financial Firms Through Supervisory Colleges
A new transatlantic partnership is needed to strengthen ties between the EU and America now that Barack Obama has taken office, says the EP Foreign Affairs Committee. MEPs are calling for a new institutional architecture including a political council and a joint parliamentary committee.
The "new transatlantic agenda" dating from 1995 should be replaced by a new transatlantic partnership agreement based on a new institutional architecture, argues the report by Francisco José Millán Mon (EPP-ED, ES) adopted by the committee on Tuesday. The EU-US relationship is described in the report as "the most important strategic partnership" for the EU.
MEPs propose the creation of a Transatlantic Political Council as "a body for systematic high-level consultation and coordination in respect of foreign and security policy". It would be chaired by the High Representative/Vice-President of the Commission on the EU side and by the Secretary of State on the US side, and would meet at least every three months.
A unified transatlantic market: meet the target date of 2015...
An entirely undemocratic world body "has been casually installed in Geneva, empowered under international law with the mandate to 'police' country level economic and social policies
President Barack Obama is set to unveil a plan to control all global financial firms via supervisory colleges, Reuters reported Tuesday evening in a brief story.
The newswire service said the plan is to "call for supervision of global financial firms," an unnamed official said.
The plan would follow his administration's intention to gain tighter control over U.S. financial firms, especially those that recently received federal bailout funds.
I am glad that he will tell the globalist off.