re: Germany: EU backs blanket financial regulation

I just received an email from Lew. Someone wrote to him pointing out that the quote I cited in my blog wasn’t in the Yahoo article that I linked to. I was confused–since I wouldn’t be foolish enough to deliberately make a false statement and then blatantly prove myself wrong by linking it to the truth. I just checked out the link. You will notice that the new link is time stamped at 5:24pm Sunday, Feb. 22. My original blog was at 10:10am on Sunday. Yahoo updated (or perhaps censored??) the original article–removing that very telling quote that I blogged earlier in the day that referred to Merkel wanting a global governance of financial systems.

Jacob Lovell sent me a link to another article which DOES contain the quote. Here’s the quote, extended from my original:

” “European leaders backed Merkel’s call for a “charter of sustainable economic activity” to reduce economic imbalances and stabilize financial markets. The charter would subject all financial-market activities around the globe to regulation, including credit-rating agencies. Merkel said it would be “based on market forces but prevent excess and ultimately lead to the establishment of a global governance structure [emphasis mine].” “

Nicholas Del Medico sent me a Google link that also has the quote that I originally posted. Let’s see how long it takes for the powers that be to censor these two too [pun intended].

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3:02 pm on February 23, 2009