Just a quick note…
Dateline Washington, D.C., Treasury Secretary Timothy Geithner is mad as hell at the way France seems to be bullying the E.U. in regards to hedge funds regulation and is not going to take it anymore. Mr. Geithner has written to French economic minister Christine Lagarde warning her to stop her efforts to discriminate against funds that are based outside of the European Union. Read the story here.
Fear not, with Mr. Geithner on the case, I am sure a resolution will be reached and before we all know there will be hedge fund regulation in Europe that puts an end to the lawlessness… or maybe not.