Surviving Capitalism (Not) : How the Biggest Banks Are Conspiring to Rip Up Financial Regulations around the World

We’ve lived so long under the spell of hierarchy—from god-kings to feudal lords to party bosses—that only recently have we awakened to see not only that “regular” citizens have the capacity for self-governance, but that without their engagement our huge global crises cannot be addressed. The changes needed for human society simply to survive, let alone thrive, are so profound that the only way we will move toward them is if we ourselves, regular citizens, feel meaningful ownership of solutions through direct engagement. Our problems are too big, interrelated, and pervasive to yield to directives from on high.
—Frances Moore Lappé, excerpt from Time for Progressives to Grow Up

Friday, July 3, 2015

How the Biggest Banks Are Conspiring to Rip Up Financial Regulations around the World

Click here to access article by "Don Quijones" from Wolf Street.

Although Wikileaks released the document more than a year ago, the author contributes to the public knowledge of probably the worst neoliberal project, TISA, that has been negotiated in strict secrecy for a number years by summarizing its details into six main threats to member governments' ability to regulate their financial industries.

According to the treaty’s Annex on Financial Services, we now know that TiSA would effectively strip signatory governments of all remaining ability to regulate the financial industry in the interest of depositors, small-time investors, or the public at large.

In my opinion the best interpretation of the leaked document was provided by Pete Dolack a year ago in an article entitled "Financiers seek to have fondest dreams come true through own secret trade deal".