STUDY SHOWS WALL ST. LOBBYISTS SHAPED DEREGULATION BEHIND CRISIS

http://www.albionmonitor.com/0902a/copyright/wallstderegulation.html

by Marina Litvinsky

READ Sold Out: How Wall Street and Washington Betrayed America

(IPS) WASHINGTON -- A new report says that Wall Street has only itself to blame for the misguided deregulation that led to the current deepening financial crisis. Issued March 4 by Essential Information and the Consumer Education Foundation, the report documents billions of dollars spent by the financial sector on what would eventually be their own downfall. The 231-page report, "Sold Out: How Wall Street and Washington Betrayed America," shows that the financial sector invested more than $5 billion on purchasing political influence in Washington over the past decade, with as many as 3,000 lobbyists winning deregulation and other policy decisions that led directly to the current financial collapse. "The report details, step-by-step, how Washington systematically sold out to Wall Street," said Harvey Rosenfield, president of the California-based non-profit organization Consumer Education Foundation.

George Soros on the Coming U.S. Class War

http://www.thedailybeast.com/newsweek/2012/01/22/george-soros-on-the-coming-u-s-class-war.html

Jan 23, 2012 12:00 AM EST 'The situation is about as serious and difficult as I've experienced in my career.' Plus, an exclusive interview with IMF chief Christine Lagarde, who issues a dire warning for Europe. 'The situation is about as serious and difficult as I've experienced in my career.' by John Arlidge | January 23, 2012 12:00 AM EST You know George Soros. He’s the investor’s investor—the man who still holds the record for making more money in a single day’s trading than anyone. He pocketed $1 billion betting against the British pound on “Black Wednesday” in 1992, when sterling lost 20 percent of its value in less than 24 hours and crashed out of the European exchange-rate mechanism. No wonder Brits call him, with a mix of awe and annoyance, “the man who broke the Bank of England.”

The demise of the dollar

http://www.independent.co.uk/news/business/news/the-demise-of-the-dollar-1798175.html?printService=print

In a graphic illustration of the new world order, Arab states have launched secret moves with China, Russia and France to stop using the US currency for oil trading

By Robert Fisk

Tuesday, 6 October 2009

In the most profound financial change in recent Middle East history, Gulf Arabs are planning – along with China, Russia, Japan and France – to end dollar dealings for oil, moving instead to a basket of currencies including the Japanese yen and Chinese yuan, the euro, gold and a new, unified currency planned for nations in the Gulf Co-operation Council, including Saudi Arabia, Abu Dhabi, Kuwait and Qatar.