Featured Stories World News Commentary Money Watch Multimedia Prison Planet U.S. News Science And Technology

Head of $25 Billion Templeton Fund: Derivatives Will Cause Another Crisis

  • Print The Alex Jones Channel Alex Jones Show podcast Prison Planet TV Infowars.com Twitter Alex Jones' Facebook Infowars store

George Washington Blog
Thursday, July 16, 2009

I have repeatedly warned that credit default swaps are not meaningfully being reigned in, and that the failure to do so will cause future problems.

Mark Mobius – executive chairman of the $25 billion dollar Templeton asset management fund – agrees:

A new financial crisis will develop from the failure to effectively regulate derivatives and the extra global liquidity from stimulus spending, Templeton Asset Management Ltd.’s Mark Mobius said.

“Political pressure from investment banks and all the people that make money in derivatives” will prevent adequate regulation, said Mobius, who oversees $25 billion as executive chairman of Templeton in Singapore. “Definitely we’re going to have another crisis coming down,” he said in a phone interview from Istanbul on July 13.

(ARTICLE CONTINUES BELOW)

Head of $25 Billion Templeton Fund: Derivatives Will Cause Another Crisis   150709banner2

As the CIO of Bank Julius Baer notes, regulators aren’t even trying to exert real control over derivatives:

“Banks have lobbied hard against any changes that would make them unable to take the kind of risks they took some time ago,” said Venkatraman Anantha-Nageswaran, global chief investment officer at Bank Julius Baer & Co. in Singapore. “Regulators are not winning the battle yet and I’m not sure if they are making a strong case yet for such changes.”

This article was posted: Thursday, July 16, 2009 at 4:12 am





Infowars.com Videos:

Comment on this article

Comments are closed.

Watch the News

FEATURED VIDEOS
What They're Not Telling You About Race Riots See the rest on the Alex Jones YouTube channel.

Did Obama Order National Guard to Stand Down in Ferguson? See the rest on the Alex Jones YouTube channel.

© 2013 PrisonPlanet.com is a Free Speech Systems, LLC company. All rights reserved. Digital Millennium Copyright Act Notice.