November 18, 2007 (LPAC)--Former Danish Prime Minister Poul Nyrup Rasmussen nailed Deutsche Industriebank director (IKB) Robert Splid to the wall on the question of regulating capital funds, in a TVNEWS discussion on Danish television last night.

Rasmussen, who is known for demanding regulation of hedge funds and capital funds, attacked Splid saying that the capital funds are drowning companies in debt and that companies which have been touched by the finger of capital funds fall back, ruined. He said that capital funds only pay taxes on what they choose to register, not what their actually income is, and that this violates even local city laws.

Poul Nyrup Rasmussen is President of the Party of European Socialists, and has just published a book entitled The Time of Greed, attacking capital funds. He is known to crack a friendly smile when he hears about Lyndon LaRouche and his ideas for a New Bretton Woods financial architecture.