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Exxon Mobil Corporation Message Board

  • greedful_thing_s greedful_thing_s Nov 24, 2012 6:23 PM Flag

    Offshore Banking Reform


    Simple: all banks, broker-dealers, bank holding companies, insurance companies, investment banks, or other financial institutions which have FDIC insurance, or which fall under the regulatory power of the Federal Government or Federal Reserve, should be prohibited from doing business overseas in areas outside the regulatory power of the U.S. government. Any business that refuses to cease and desist from such activities should be held criminally liable and its officers subject to prosecution for fraud.

    So would end the riot of speculation in such worthless activities as betting or insuring foreign government debt or setting up offshore subsidiaries to speculate in oil and other commodities.

    Sentiment: Strong Sell

    This topic is deleted.
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