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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: ggersh who wrote (73583)	5/19/2010 9:45:03 AM
From: Haim R. Branisteanu	3 Recommendations Read Replies (2) \| Respond to of 74559

I am 100% on her side unfortunate the US has a jerk as Treasury Secretary who is serving the fat cat bankers and not his nation and its citizens In any other country where law is observed and the congress is not corrupt and bribed he would have been thrown to the dogs *The final straw was when the Obama Administration itself sought to water down and block key provisions of the legislation to limit the power and size of the Banks.* "To some degree this is a battle between the politicians and the markets," she said in a speech in Berlin. "But I am firmly resolved -- and I think all of my colleagues are too -- to win this battle....The fact that hedge funds are not regulated is a scandal," she said, adding that Britain had blocked previous efforts to do this. "However, this will certainly have taken place in Europe in three weeks," she said, without giving more details." Reuters 6 May 2010 "German Chancellor Angela Merkel accused the financial industry of playing dirty. 'First the banks failed, forcing states to carry out rescue operations. They plunged the global economy over the precipice and we had to launch recovery packages, which increased our debts, and now they are speculating against these debts. That is very treacherous,' she said. 'Governments must regain supremacy. It is a fight against the markets and I am determined to win this fight.'"UK Telegraph 6 May 2010 The financiers have been saying that 'Europe cannot print money faster than Goldman Sachs can create naked Credit Default Swaps.' Well, Goldman can still create those swaps, but they may have trouble finding counterparties for them in Europe. And those who buy them may do so at their peril, since Europe is obviously seeking to isolate itself from the consequences of speculative excess by an overleveraged financial system. Merkel said she was going to reassert the primacy of government over the multinational speculators.

To: ggersh who wrote (73583)	5/19/2010 12:21:50 PM
From: maceng2	Read Replies (1) \| Respond to of 74559

I remember the period of the Tory "Wets" vs Thatcher "The only man in the cabinet" -g- The word is though, the "wets" actually were actually an important part of her success. The "Iron Lady" image certainly gave Britain a boost. Can't argue with that. Maybe she shouldn't have listened to Dennis so much to start with -g- thisislondon.co.uk "On the eve of the election, Pym had expressed the hope that the Tories would not win by too large a majority." telegraph.co.uk He had a sense of humour, and that helped the Tories with Thatcher.