A new financial crisis will develop
from the failure to effectively regulate derivatives and the
extra global liquidity from stimulus spending, Templeton Asset
Management'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.
You are free to comment on this discussion in any way you feel is appropriate. If you choose to use to use any language which our editors feel is vulgar -- by their standards -- your comment may be tagged "Crude or Lewd" and may be filtered out of the discussion by those who prefer not to read that sort of thing. If you know you have entered something which will cause your comment to be tagged, we ask that you tag it yourself to save us the time. We do encourage everyone to be civil and not make rude attacks on other people in the Forum. We don't censor out those remarks, but few people enjoy reading them and we would like participation in our Forums to be a pleasant experience for everyone. And, by concentrating on what is said instead of who is saying it, even those who may disagree with you will be more likely to consider your opinions valid.