Monday, April 11, 2011

Six degrees of Westfield

Westfield to Glass Steagall © fintag

News comments:
So there I was driving passed Westfield in London, one of the world's largest shopping malls. And this reminded me of Bill Clinton canceling the Glass Steagall act. What a mistake that was.

Built on old land next to some of the nastiest council estates in London, Westfield is a cross between an airport and a luxury shopping mall in Hong Kong. At its basics, its a large building with outlets that are rent out to distributors of goods made mostly in China.

China enjoys inside trading and is making lots of money from it. (sydney herald)

Western governments are trying to implement one policy for all nations regarding regulation. (gfs)

Citigroup rumors were swishing around post Lehman that it would go bust and now its selling its property in Canary Wharf. (cityam)

Banks are too powerful and need to be broken up into smaller pieces. (wikipedia)

Banks used to be kept down under the Glass Steagall Act in the USA and in many ways this is being re enacted via other legislation. (cityam)

Today's shorts:
Snail King realises the errors of his ways (dailymail)

Today's longs:
Golf can be quite entertaining (denver post)

Banks to stop accepting cash.


Leggy said...

Westfield is legalized meth