greg334
Veteran Expediter
Lets not elect the dems to the house;
Here is another reason.
Do you hate the UN?
Do you think that they will destroy freedom and our rights?
LONDON (Reuters) - A global financial regulator is an option to consider as it may not be possible for national regulators to resolve policy disputes through co-operation, a senior U.S. Democratic member of Congress told the Financial Times.
Representative Barney Frank said in comments published on Monday that co-operation between, for example, the U.S. Securities and Exchange Commission (SEC) and the Financial Services Authority (FSA) was good in theory.
"Joint action is theoretically (good) but what does that mean? In American baseball, if the runner and the ball arrive at the base at the same time, the tie goes to the fielder. Who breaks a tie if there is a disagreement over policy between the SEC and FSA?" he said.
Asked if a supra-national regulator would be needed, Frank told the FT: "I don't know. At this point that's something to look into."
His comments contrasted with the views of the SEC, the newspaper said noting that its chairman, Christopher Cox had flagged increased co-operation with foreign regulators.
Frank is widely expected to become chairman of the House Financial Services Committee if Democrats regain control of the chamber in next month's U.S. election. He is now the top Democrat on the panel, which oversees most U.S. banking regulations.
Now think about that. Do you think that this will be a real joint venture between the US and EU? I don't. I think that the UN will get involved and we will get what they want once they get their foot in the door - direct taxes of all of us to fund the UN.
The Dems want the UN to take over the country.
Here is another reason.
Do you hate the UN?
Do you think that they will destroy freedom and our rights?
LONDON (Reuters) - A global financial regulator is an option to consider as it may not be possible for national regulators to resolve policy disputes through co-operation, a senior U.S. Democratic member of Congress told the Financial Times.
Representative Barney Frank said in comments published on Monday that co-operation between, for example, the U.S. Securities and Exchange Commission (SEC) and the Financial Services Authority (FSA) was good in theory.
"Joint action is theoretically (good) but what does that mean? In American baseball, if the runner and the ball arrive at the base at the same time, the tie goes to the fielder. Who breaks a tie if there is a disagreement over policy between the SEC and FSA?" he said.
Asked if a supra-national regulator would be needed, Frank told the FT: "I don't know. At this point that's something to look into."
His comments contrasted with the views of the SEC, the newspaper said noting that its chairman, Christopher Cox had flagged increased co-operation with foreign regulators.
Frank is widely expected to become chairman of the House Financial Services Committee if Democrats regain control of the chamber in next month's U.S. election. He is now the top Democrat on the panel, which oversees most U.S. banking regulations.
Now think about that. Do you think that this will be a real joint venture between the US and EU? I don't. I think that the UN will get involved and we will get what they want once they get their foot in the door - direct taxes of all of us to fund the UN.
The Dems want the UN to take over the country.