Didn't notice but well, told u that before... The guy had three missions in life fight hedge funds, the City and rating agencies eventually damage Super Devil on the way, a bonus ;-)) Now for the goals of the proposed new rules, very opportunistic I'd say, don't think there is a strategy don't have one to fight the debt crisis so let's point fingers at rating agencies and hedge funds responsible for the crazy eurozone gov spending, more or less just politics so far... Digging a bit the true fear lies with the french state sponsored bunch of crooks behind a countless number of bank failures and the BPCE natixis IPOs style of ripe off that have ruined thousands and thousands being investigated and or done with some other legislative projects they may have natixis was the result of a state sponsored leg project). Any distraction is welcome hedge funds, rating agencies and of course Super Devil are pieces of choice. The last bit being the lack of information from independent third parties given citizens will eventually end up with free officials such as himself to tell the truth he thinks... Appalling!
May become more aggressive as the investigation about why those who had access to at least Moody's but it seems now that more agencies made available the same kind of data in 2007 probably before didn't act including the national regulators of France...