RSSIn Davos, bankers told new rules are coming
From: The Washington Times | January 30, 2010
UPDATED: DAVOS, Switzerland (AP) -- Regulators from the world's major developed countries told bankers far and wide in Davos on Saturday that greater regulation is on the way, a defensive move aimed at avoiding a repeat of last year's financial meltdown that dragged most of the world into recession. U.S. Rep. Barney Frank said a bank tax and other tough new measures would be introduced by the individual countries but in a coordinated way to prevent bankers from moving from one place to another to escape regulation. "Lenin might have been able to put socialism in one country, but tough ...
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