An interesting part of this communiqué is the continued focus on bankers' pay. Remember, the Financial Stability Forum is headed by Mario Draghi, who Geithner met withearlier this week. None of this communiqué is a surprise to Geithner.
So what is all this focus on bankers' bonuses about, apparently with the endorsement of top insiders such as Geithner and Draghi? Draghi, being a former Goldman Sachs man and Geithner being a long-term tool of Wall Street, what is going on? This looks like it has top level Wall Street endorsement. Endorsement of a limitation on Wall Street bonuses by the Wall Street elite, WTF? The only conclusion that makes any sense is the argument developed by Robert Murphy,How to Predict the Coming Bank Pay Regulation, top insiders are trying to limit pay to lower echelon players. The pigs at the trough are trying to muscle out nursery pigs.
A New Power Center for the New World Order
(NOTE there are other great articles you might want to read on there today and a few videos...