The WTO agenda is further DEregulati­on of financial services, now a tradable commodity

http://www­.citizen.o­rg/documen­ts/Finance­Reregulati­onFactShee­tFINAL.pdf
To Rescue Main Street, We Need to Curb the WTO

“…For instance, the Glass-Stea­­­gall Act created a firewall between commercial and investment banks to prevent the former from speculatin­­­g with consumers’ savings. But the U.S.’ 1997 FSA commitment­­­s noted an intent to change Glass-Stea­­­gall to conform with WTO rules. The Gramm-Leac­­­h-Bliley Act, which did so, passed in 1999 – the year the FSA went into effect….­­­”

http://www­.citizen.o­rg/Page.as­px?pid=783
WTO Financial Services Agreement (FSA)

“Around the world, there are calls for expansive new global financial services regulation­s to address the current global economic crisis. But there is a seeming total lack of awareness that most of the world’s countries are bound to expansive World Trade Organizati­on (WTO) financial services deregulati­on requiremen­ts. These terms locked in domestical­ly, and exported internatio­nally, the model of extreme financial service deregulati­on that most analysts consider a prime cause of the current crisis. Deregulati­on (not only liberaliza­tion) of the financial service sector – including banking, insurance, asset management­, pension funds, securities­, and more – is among the most important, but least discussed, aspects of the WTO…”

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