The Guardian reports on the EU plan to bring the derivatives under regulation Charlie McCreevy, the EU Commissioner for the internal market, is setting up a clearing house - or rather, is asking the banksters if they would very much mind if they would consider doing so.
It is incredible that politicians are still bowing and scraping to the marketeers, after they have cost us so deep in the purse.
I have sent Mr McCreevy the proposal that the legality of Minsky's 3rd rank derivatives should be tested.
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