BBC News: Reports on a new idea supported by UK PM Gordon Brown for Global Regulation of the money markets. The problem with this idea is that the financial mess had its heart in the USA, the USA is not going to allow London, Berlin or Paris to run Wall Street. The Obama Administration is Liberal but it wants to get re-elected in 2012. The Obama Administration will bring in tough over sight of the money markets but it wont allow Europe to run Wall Street. This is idea is political spin for Europe, Old Europe is not the Master, its New York and Wall Street, the New World.
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