Wall-Street trying to screw the rest of the world like it did to the US
In March, Sen. Ron Wyden (D-Ore.) – the chair of the trade subcommittee of the Senate Finance Committee – became one of the first members of Congress to call the U.S. Trade Representative (USTR) to account for its inclusion of financial services deregulation-promoting provisions in WTO agreements and various U.S. trade deals. These terms were included at the behest of lobbying of big Wall Street banks, and sharply limit the kinds of financial regulations countries can enact without facing WTO challenges and other claims for compensation.
via Eyes on Trade: Ongoing WTO-Wall Street Snow Job Continues.
This is why they need to be regulated. Their precious derivative trading needs some sunlight.
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