Editorials & Other Articles

Baobab

(4,667 posts) Mon Mar 21, 2016, 11:04 PM Mar 2016

Memo on how 1995 WTO services agreement makes it impossible to put effective limits on banks

MEMO Gats conflict with bank size limits.doc

https://www.citizen.org/documents/memo-gats-conflict-with-bank-size-limits-may-10-2011.pdf

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Excerpt:

“In sectors where market-access commitments are undertaken, the measures which a Member
shall not maintain or adopt ... are defined as...limitations on the total value of service
transactions or assets...”

–from World Trade Organization services agreement, 1994

“We’re not going to have just a set of immutable, quantitative criteria [for banks] that say if
you’re above this amount of assets, you’re too big to fail.”

– Obama administration official,
January 2011

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Memo on how 1995 WTO services agreement makes it impossible to put effective limits on banks (Original Post) Baobab Mar 2016 OP

Cathrine Austin Fitts has several videos up that detail pretty much the ssme truedelphi Mar 2016 #1

truedelphi

(32,324 posts)

1. Cathrine Austin Fitts has several videos up that detail pretty much the ssme

Reply to Baobab (Original post)

Mon Mar 21, 2016, 11:10 PM

Mar 2016

Damn Thing.

The entire notion of a "Global Economy" is to enrich the few at the expense of the many.

And for those who are not sure of the truth of these things, and their ultimate importance, may I recommend the excellent film "The Big Short."

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