01/10/2008 2:51:54 pm
Next Financial Leader: Shanghai? MSNBC reports about one aspect of the current US financial crisis; the stepwise and inevitable takeover of the global financial leadership from Wall Street. London has already become the financial capital of the world since Thatcher′s "Big Bang" de-regulation package in 1986. The US government regulations of financial markets pushed London to the top. Now, emerging free economies are also rising fast.