Frederick Douglass

"Power concedes nothing without a demand. It never did, and it never will. Find out just what people will submit to, and you have found out the exact amount of injustice and wrong which will be imposed upon them..." Frederick Douglass

Tuesday, May 17, 2011

EU finance ministers strike deal on naked short-selling regulation

Actually, as expected, it's a non-deal. Nothing has changed. The "weapons of mass economic destruction," as Warren Buffet calls them, are still unregulated in Europe as here in the US. In other words, the banks which conspired to bring down the economy in 'o8 can do it again now and in precisely the same manner.

http://www.monstersandcritics.com/news/business/news/article_1639703.php/EU-finance-ministers-strike-deal-on-naked-short-selling-regulation