As with leaks from the secret Tran-Pacific Partnership [TPP] negotiations, this leak shows that the largest corporations are working to bypass recent efforts by governments to rein them in by pushing through trade agreements that override their ability to write their own laws and regulations... ...This time the leak is the Financial Services Annex of the Trade in Services Agreement (TISA). It shows that the TISA negotiations are an effort to not only undo the minimal regulation of Wall Street that occurred after the financial crash, but to further deregulate financial markets worldwide. As WikiLeaks words it, Despite the failures in financial regulation evident during the 2007-2008 Global Financial Crisis and calls for improvement of relevant regulatory structures, proponents of TISA aim to further deregulate global financial services markets.... ...TISA currently has 50 countries participating in the negotiations: Australia, Canada, Chile, Taiwan, Colombia, Costa Rica, European Union, Hong Kong, Iceland, Israel, Japan, Liechtenstein, Mexico, New Zealand, Norway, Pakistan, Panama, Paraguay, Peru, Republic of Korea, Switzerland, Turkey, and the United States. (European Union includes: Austria, Belgium, Bulgaria, Cyprus, Croatia, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden and United Kingdom.) [^-- : O And then our citizens will wonder why another banking crisis was not predicted...and media outlets, like #NBC, will feed the ignorance...]
Posted on: Sat, 21 Jun 2014 21:34:50 +0000
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