Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-07-07-Speech-3-927"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2010-07-07"^^xsd:date2
dcterms:Is Part Of	lp_eu:Explanations of vote2
dcterms:Language	"fr"^^xsd:language2
lpv:document identification number	"en.20100707.23.3-927"2
lpv:hasSubsequent	lp_eu:2010-07-07-Speech-3-9262
lpv:speaker	lp:Bruno Gollnisch2
lpv:spokenAs	unknown; Front national (2009-07-14--2014-06-30)3 member; NA (2009-07-14--2014-06-30)3 substitute; BUDG (2009-07-16--2012-01-18)3 member; Delegation for relations with Japan (2009-09-16--2014-06-30)3 member; TRAN (2009-07-16--2012-01-18)3
lpv:translated text	"All the reports we were asked to vote for as part of the ‘supervision’ package have the same fault. While they strengthen the supervision of financial players, banks, insurance companies, funds and so on, of which we can only approve, they effectively change nothing in terms of what is being supervised. They do not get to the heart of the problem: the finance-dominated and globalised capitalist system. These same players will be free to continue to create complex products, to securitise and exchange debts, in short, to carry on a financial activity entirely unrelated to real wealth production. Instead of banning certain assets of a perverse nature which, far from improving the liquid assets available to economic activity, serve only to create an artificial and predatory profit, we are ‘supervising’ and ‘regulating’ them. Big deal! The Lamfalussy process is applauded here as being wholly virtuous. However, it must be said that, in view of the amorality, not to say cynicism, of the behaviour of certain financial establishments and their directors, to give them such a power of intervention in regulations concerning them has something unhealthy and even deeply perverse about it."@en1

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