I think they need to figure out a way to distinguish the capital markets from the speculative ones. The Capital market needs to be highly regulated, and the speculative market can be looser, but, most importantly, can have little effect on capital investments. Right now, the cost of goods is too tied to fluctuations in market price (oil and food). I think that their are higher risk funds, like the CDSs that are at the heart of this latest meltdown, but the risk associated with them always seems to make its way into the standard market.
I thought Prime Minister Rudd had some interesting thoughts.
"But in terms of the need for this initiative to stabilise global financial markets, there can be in fact no doubt."
Over the longer term, the prime minister called for an overhaul of regulatory systems to ensure a level playing field across all nations, with better transparency, prudential regulation and corporate governance reform.
"Firstly on transparency, transparency of balance sheets and balance sheet transactions and across the range of financial institutions which are systemically significant to both national and international financial systems.
"Secondly, (there needs to be) consistent global prudential standards for these financial institutions.
"On top of that, (we need) to make sure we have appropriate reforms of corporate governance ... those who run financial institutions (must) have the right incentives to behave appropriately for the long term, not just for a short-term and very speculative profit cycle."
And overriding that change, there needed to be consistency in standards across nations, Mr Rudd said.
"It is simply no good for one country to have strong regulatory standards against transparency, against prudential requirements, against governments. Only for those standards not to exist in other significant economies," he said.
Hon, Do you really think Clinton Democrats FOR MCCAIN has unbiased info as opposed to made up Obama bashing? Worldnet Daily is known to be about as credible as National Enquirer (Batboy anyone?) and Moonbattery is a personal opinion blog for crying out loud. If you want to believe those sources then that's your decision however I'll stick with actual news sources including FoxNews over that crap. lol
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For the one I was talking to on why I couldn't trust Obama.
Do you even know what any of this means?
World economy = one world government = new world order. And you think socalism is bad??
"Italy thinks we should
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I disagree.
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I thought Prime Minister Rudd had some interesting thoughts.
"But in terms of the need for this initiative to stabilise global financial markets, there can be in fact no doubt."
Over the longer term, the prime minister called for an overhaul of regulatory systems to ensure a level playing field across all nations, with better transparency, prudential regulation and corporate governance reform.
"Firstly on transparency, transparency of balance sheets and balance sheet transactions and across the range of financial institutions which are systemically significant to both national and international financial systems.
"Secondly, (there needs to be) consistent global prudential standards for these financial institutions.
"On top of that, (we need) to make sure we have appropriate reforms of corporate governance ... those who run financial institutions (must) have the right incentives to behave appropriately for the long term, not just for a short-term and very speculative profit cycle."
And overriding that change, there needed to be consistency in standards across nations, Mr Rudd said.
"It is simply no good for one country to have strong regulatory standards against transparency, against prudential requirements, against governments. Only for those standards not to exist in other significant economies," he said.
Your links were interesting.
"Moonbattery.com"?
Other places you can find me:




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Our family photo album online!
(password: ballfamily)
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Other places you can find me:
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Yes, hardly unbiased sources and on top of that "moon bat" is a derogatory term.
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