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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Paul Kern who wrote (81695)	5/19/2007 7:08:29 PM
From: Les H	Read Replies (3) \| Respond to of 110194

U.S. Cooling Off to G8 Summit The U.S. government withdrew participation of treasury secretary Henry Paulson at the preparatory summit of finance ministers in Potsdam near Berlin May 18-19. The official explanation was that Paulson needed to remain in Washington to prepare for the U.S.-China Strategic Economic Dialogue that takes place the following week. But sources in Berlin say the real reason is the German move to tighten controls over hedge funds and other speculative funds. One of the key points set by the German government in the official agenda is "improving systemic stability and transparency of financial markets." German labour minister Franz Muentefering has compared hedge and other speculative funds to locusts ravaging fragile economies and enterprises for short-term gains. The U.S. government considers [unregulated] financial funds a necessary instrument to channel private investment on an international scale. ipsnews.net