Crash Power

Posted on September 26th, 2008 by Freddy Gray

The U.S. Government is not the only major federal administration expanding its financial powers as the public is gripped by fear of economic collapse. As Daniel Hannan reports, E.U. leaders have been quick to seize the political opportunities presented by the meltdown. Members of European Parliament yesterday voted 562-86 in favor of regulating “all relevant financial market participants, including hedge funds and private equity”.

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