Eye dectection plan Obama's bad G20 choice
Albright Hedge fund to control US junk bonds?
Obama absent, sending former secretary of state M. Albright (Albright Hedge fund: www.albrightcapital.com), the wrong choice of Obama's old Hege fund friends. Albright did not convince, exactly former high ranking government Albright chanelling 2007 $350 million from a Dutch pension fund in a her non-controlled Hedge fund. This is a scandal, It is exactly what should get investigated by the FBI, brought to justice and closed. Europeans will close this loopholes, supervision of US funds including rating companies.
Although Obama is staying away from this summit, he has designated high-level representatives -- former Secretary of State Madeleine Albright and former Republican Rep. Jim Leach of Iowa -- to meet with leaders on the sidelines.
Mexican President Felipe Calderon met Albright and Leach, and stressed that a return to protectionism would only complicate economic recovery efforts, according to the Mexican leader's office.
Europeans had hoped the summit would produce stronger measures to close loopholes that allow some financial institutions to evade regulation. They also called for government supervision for all major financial players, including credit ratings agencies or funds carrying high amounts of debt.