-------- Original Message --------

Subject:	London School of Economics Discussion Continues - 21 July 2009
Date:	Tue, 21 Jul 2009 22:23:38 -0700
From:	"Stephen M. Apatow" <s.m.apatow@humanitarian.net>
To:	Pascal.Lamy@wto.org, hri@int-bar.org

Dear Colleagues:

I would like to thank all for the rapid response to the guidance provided by Professor Buiter at the London School of Economics.  Addition information forwarded to my attention include:

• Treasury Is Criticized Over TARP (WSJ, 21 July 2009): $23 Trillion to back unregulated OTC derivatives, held by non bank financial institutions.
• Mortgage Loan Fraud Connections with Other Financial Crime (Report: FinCEN): Identification of approx. 156,000 mortgage fraud subjects: calculating real estate asset valuation, for the OTC derivatives.  
• Mortgage fraud up nationwide, down in Washington, FBI says (Seattle Post, 8 July 2009): FBI: Criminal Mortgage/Appraisal Fraud basis for principal writedown of predatory loans by courts. 
• Financial Crimes Enforcement Network. U.S. Department of the Treasury
  
  

Related:

• Credit Default Swap Prohibition Act of 2009: Introduced in House, Thomas, Library of Congress.

Looking forward to your feedback.

Stephen M. Apatow
Founder, Director of Research & Development
Humanitarian Resource Institute
Humanitarian University Consortium Graduate Studies
Center for Medicine, Veterinary Medicine & Law
Phone: 203-668-0282
Email: s.m.apatow@humanitarian.net
Internet: www.humanitarian.net


-------- Original Message --------

Subject:	London School of Economics Guidance for UN Countries
Date:	Tue, 21 Jul 2009 13:31:34 -0700
From:	"Stephen M. Apatow" <s.m.apatow@humanitarian.net>
To:	Pascal.Lamy@wto.org, hri@int-bar.org

Dear Colleagues:

Dialogue regarding G-20 emergency regulatory controls over the global derivatives market, is now focused on guidance by Willem Buiter: Professor of European Political Economy, London School of Economics and Political Science; former chief economist of the EBRD, former external member of the MPC; adviser to international organisations, governments, central banks and private financial institutions:

• The real estate roots of the crisis in the US, Financial Times, 21 July 2009.
  

Consensus: We must address the cause of the global economic crisis, with immediate emergency FDIC level oversight of OTC derivatives markets in the United States, supported by a global regulatory framework for all UN member countries.

Looking forward to your feedback.

Stephen M. Apatow
Founder, Director of Research & Development
Humanitarian Resource Institute
Humanitarian University Consortium Graduate Studies
Center for Medicine, Veterinary Medicine & Law
Phone: 203-668-0282
Email: s.m.apatow@humanitarian.net
Internet: www.humanitarian.net