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EU hits back at Geithner on regulation

Submitted by Praetorian on Thu, 03/11/2010 - 15:41
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Turbo Timmy is a freaking asshat by criticizing the EU - he has no room to talk!!

EU hits back at Geithner on regulation
By Nikki Tait in Brussels

Published: March 11 2010 15:29 | Last updated: March 11 2010 15:29

Top European Union officials hit back on Thursday at criticism from Tim Geithner, US Treasury secretary, who has accused Brussels of pushing ahead with rules to regulate managers of hedge funds and other alternative investment funds that could be protectionist.

A spokesman for Michel Barnier, the new EU internal market commissioner who is responsible for financial services regulation and to whom Mr Geithner addressed his concerns, said that the EU decision to act on hedge funds was in line with a G20 decision to reinforce transparency in the financial system.

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https://www.gunsgrubandgold.com/forum/viewtopic.php?f=1&t=849

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