Umm... Wait a minute. I thought the whole idea is, markets hate regulation. If France adopts tighter regulations in the wake of M. Hollande's election, shouldn't that mean a windfall for NY & London as capital migrates accordingly? Or is this yet another example of personal preferences (on "Wall Street's" part, this time) trumping the desire to make money?
Yeah, remember when the Socialists deregulated the banks, started all kinds of foreign wars based on lies, and then caused the economic collapse 2008? I can see why Wall Street is worried.
Charles,
Well, I'm not too worried. The French have had a Socialist as President (Mitterand) before. Wall Street should know better. They will be fine.
the ransom note says if we elect a socialist, our abductors are totally going to off everyone. we better listen to what they say, they have computer money.
Who cares what a bunch of welfare queens think? When those incompetent neurotics on Wall Street go out and get a real job, I'll pay attention to their hand-wringing.
That article fills me with the glee of anti-banksta schadenfreude. Here's hoping Hollande implements every one of those policies that Wall Street fears! Especially the 75% top tax rate! (But not the lowering of the retirement age. You're a lovely country, dear France, but you really need to stop mismanaging your pension system.)
Comments (12) RSS