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The new authority being advocated by IMF staff would represent an important shift from the agency's traditional role of analyzing and aiding national economies to serving as a sort of global overseer, particularly when it comes to companies considered so connected around the world that their failure could undermine the economy. The events of the last two years -- in which problems in the U.S. housing market triggered the deepest economic contraction since the Great Depression -- have convinced
After failing to foresee the biggest financial crisis of its existence, the International Monetary Fund wants more power to probe individual companies to see if they pose the type of broad risks that crippled the world economy in 2008.
Originally posted by kozmo
People are waking up quickly and I don't really think many are going to like the idea of fewer people having more control. Espeicially when people realize that thos ein control keep f*#king everything up!