Posted on 03/06/2009 8:55:19 AM PST by JoyjoyfromNJ
An excerpt from the second paragraph: "The IMF . . . is suggesting governments adopt a 'binding code of conduct across nations' to coordinate how and when they would intercede in troubled firms, and how to share losses from major financial institutions that operate across borders."
From further down in the article: ". . .the IMF is endorsing a G-20 idea to have financial firms overseen by 'colleges of supervisors'--essentially regulators from a financial firm's home country and other countries where it does business."
more at the link.
(Excerpt) Read more at online.wsj.com ...
We should get out of the IMF. They only take our money and we get no bang for our buck. Let other countries start fending for themselves. And we should get out of the UN too and kick them off our shores!
We should get out of the IMF. They only take our money and we get no bang for our buck. Let other countries start fending for themselves. And we should get out of the UN too and kick them off our shores!
Posted this earlier last night:
BIS Quarterly Review, December 2008 ( Global Financial Information )
The entanglement is too deep!
pingaroo.
And it has been in place for quite awhile...they churn out detailed reports tracking what is going on ...Financially ...on this small Globe....
Our new Treasury Sec was a Chair of one of the Sub Committees...authored the Foreword for the March 2009 Summary Report.
the IMF is endorsing a G-20 idea to have financial firms overseen by 'colleges of supervisors' -- essentially regulators from a financial firm's home country and other countries where it does businessThanks Ernest. "The bureaucratic mentality is the only constant in the universe. We'll get a freighter." -- Dr. McCoy
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