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Monday, February 23, 2009

Stalling!

The G-20 leaders are stalling with any new regulation for finance. It's taking too long to come to obvious realizations on what needs to be done; derivatives regulation that de-couples that from the true price of goods; carry trades need to be curtailed; credit default swaps and in addition third party swaps.

They have already put the clamp on short selling. This needs to be kept in place.

But, the powers that be are stalling. Europe is stalling. It will take Obama to take them by the ear and slap them around.

Pres. Obama may have to get dirty. This is no time to play.
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