Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

no more banksters

(395 posts)
Fri Oct 2, 2015, 01:33 PM Oct 2015

Another effort by the financial mafia to deregulate the system?

The Capital Markets Union revives pre-crisis trends without adequately integrating the lessons from the crisis. It also marks a shift in the political momentum towards short-term growth and competitiveness at all costs, when what is needed is long-term sustainable development of the economy.

Civil society groups denounce the Commission's plan for a Capital Markets Union. No lesson has been learnt from the financial crisis, they say.


On Wednesday September 30, EU Finance Commissioner Jonathan Hill, put forward his plan for a "Capital Markets Union". It is presented as a plan for financial stability and productive investments, in fact it is neither. It is a plan that is to set deregulation of finance in motion again after a short break. Among other things, it marks a return to "securitization", which had been put on ice since the financial crisis peaked in 2008.

http://failedevolution.blogspot.gr/2015/10/another-effort-by-financial-mafia-to.html
3 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Another effort by the financial mafia to deregulate the system? (Original Post) no more banksters Oct 2015 OP
Thank you for bringing this to our attention. truedelphi Oct 2015 #1
Thanks! no more banksters Oct 2015 #2
K & R mother earth Oct 2015 #3

truedelphi

(32,324 posts)
1. Thank you for bringing this to our attention.
Fri Oct 2, 2015, 01:37 PM
Oct 2015

And the only way around any of this is to get "Socialists" into office, I guess. We need to elect eople whose notions of the economy and whose personal integrity are mirrors of FDR's ethics, Eisenhower's, and JFK's.

Latest Discussions»Issue Forums»Economy»Another effort by the fin...