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7 Amendments of Sahra WAGENKNECHT related to 2007/2238(INI)

Amendment 15 #
Motion for a resolution
Recital D a (new)
Da. whereas most hedge funds operate from offshore banking centres without any supervision and regulation;
2008/05/19
Committee: ECON
Amendment 28 #
Motion for a resolution
Recital F a (new)
Fa. whereas similar to the polluter pays principle in environmental policies, the costs for crisis management should be borne by those who have benefited from the enormous profits by now,
2008/05/19
Committee: ECON
Amendment 32 #
Motion for a resolution
Recital H a (new)
Ha. whereas the strategies of hedge funds and private equity funds are usually aimed at maximizing profits in the short run without considering companies` needs for stable long-term financing,
2008/05/19
Committee: ECON
Amendment 33 #
Motion for a resolution
Recital I
I. whereas the massive and uncontrolled diffusion of complex “innovative products” lies at the heart of the current financial crisis; whereas hedge funds and private equity in many cases provide liquidity and demand for such innovative products,
2008/05/19
Committee: ECON
Amendment 48 #
Motion for a resolution
Recital K a (new)
Ka. whereas the liberalisation and deregulation of financial markets has led to a new model of wealth creation which is damaging for the productive sector and labour, increases social polarization and contributes to the erosion of democracy; whereas measures to improve transparency and supervision are not enough to ensure that financial markets contribute to economic stability, social equity and sustainable development; whereas the current financial crisis has systemic roots, and hence the structure and the mechanisms of the system in general are at stake,
2008/05/19
Committee: ECON
Amendment 68 #
Motion for a resolution
Recital N a (new)
Na. whereas laws and regulations for private equity are needed which prevent damaging practices such as the asset- stripping of viable companies,
2008/05/19
Committee: ECON
Amendment 76 #
Motion for a resolution
Recital O a (new)
Oa. whereas there are widely held suspicions that hedge funds are disproportionately involved in insider trading, because they are perceived as secretive, because they are heavy users of derivative markets (especially over-the- counter derivatives where monitoring of trading by authorities is more difficult) and because their incentive arrangements encourage such behaviour,
2008/05/19
Committee: ECON