Mundell is proposing, in effect, a de facto super-regional currency area by managing the exchange rate between the dollar and the euro through a process of central bank coordination.
It would create a super-agency that rolls up the investor protection functions of the Securities and Exchange Commission, Commodity Futures Trading Commission, National Futures Association, FINRA and Securities Investors Protection Corp.
"We think there may be a possibility for a compromise in exchange for some value, and the Liberty side can be persuaded to give up their super-voting rights, " said Sanford C.