Obama Says Financial Regulations Must Be Strengthened Globally
[Ed. note -- Can you say "Global Currency"?]
President Barack Obama said tougher financial regulations are needed worldwide to protect consumers, provide economic stability and prevent future crises.
The administration has proposed an overhaul of U.S. financial regulations including oversight of the systemic risk large financial institutions pose to the economy, new ways for the government to dismantle failed companies and a regulator to oversee financial products for consumers.