Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-09-22-Speech-1-104"

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"en.20080922.19.1-104"2
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"Madam President, some time ago we had a hot debate about investment banks. Now investment banks have gone from the market, and we are feeling good with the current rules for the banking sector. The same issue is relevant to hedge funds. Hedge funds, in the current environment, are not sustainable any more, and I do think that we just need the same rules for all investment funds rather than specific rules for hedge funds. With these rules, Mr Rasmussen, we are actually hindering restructuring of the financial sector, and the losses will mount. That means that, in the end, you will not be able to protect the ordinary people you want to protect."@en1
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