Friday, April 29, 2011
Wall St. Masters of the Universe under investigation
In Europe, naturally. In this country Attorney General Holder is still trying to find his ass with either hand. The Europeans are looking into the necessity of an MOU controlling everything because in Europe they still enforce laws against that sort of stuff.
And on a final note, AG Holder reminds people not to be fooled by his bumbling appearence. If he catches you smoking medical marijuana your ass will be in jail.
European Union antitrust regulators announced on Friday two sweeping antitrust investigations into the world’s largest banks and their roles in a market for derivatives where a small number of companies control trillions of dollars of financial instruments.We wish the European Union the best of luck in their investigation, though it is not clear where they will go when they have sufficient evidence.The European officials are looking at whether banks, including Barclays and Goldman Sachs, have harmed rival organizations that could compete in markets for providing information and clearing a form of transaction that had become critical to the smooth functioning of the entire economy.
“Lack of transparency in markets can lead to abusive behavior and facilitate violations of competition rules,” the European Union antitrust commissioner, Joaquin Almunia, said in a statement. “I hope our investigation will contribute to a better functioning of financial markets and, therefore, to more sustainable recovery.”
And on a final note, AG Holder reminds people not to be fooled by his bumbling appearence. If he catches you smoking medical marijuana your ass will be in jail.
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