THE CONGRESSMAN TREATS RENT BOYS BETTER THAN HE'D TREAT SOVEREIGNTY:

Top Democrat casts doubt on regulatory co-operation (Jeremy Grant and Holly Yeager, October 29 2006, Financial Times)

Financial regulators on both sides of the Atlantic may not be able to resolve policy disputes through co-operation and the creation of a global regulator should be considered, according to Barney Frank, the senior Democratic congressman.

The views of the man widely expected take over the chair of the House financial services committee if the Democrats retake the chamber stand in stark contrast to those of the Securities and Exchange Commission, the financial regulator that the committee oversees.

In many ways, George Bush’s most enjoyable two years as president could be his last two, if these guys are running Congress and he gets to just stomp them.

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