Treasury Chief Tim Geithner switched from global financial regulation to sovereign. It seems France’s Nicholas Sarkozy wants serious financial regulation of the global big money boys. Nicholas even threatened a walkout from the G-20. Is the threat serious or Rahm Emanuel style political theater? Sarkozy's half brother is a big dog in Carlyle’s global financial services group.
Regardless, Geithner won’t let it happen. Not when The Carlyle Group’s David Rubenstein and Arthur Levitt chair international and domestic reform efforts. The PEU boys want a mostly hands off form of regulation. Tim’s sovereign shift keeps global shadow bankers safe. It also protects the "too big to fail" commercial banks with their fingers in other countries.
Regardless, Geithner won’t let it happen. Not when The Carlyle Group’s David Rubenstein and Arthur Levitt chair international and domestic reform efforts. The PEU boys want a mostly hands off form of regulation. Tim’s sovereign shift keeps global shadow bankers safe. It also protects the "too big to fail" commercial banks with their fingers in other countries.
