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2009-09-19 17:46:06
Harmor
Error_Name_Not_Found
+605|6836|San Diego, CA, USA
From the http://www.drudgereport.com/

Obama Says Financial Regulations Must Be Strengthened Globally

Bloomberg wrote:

Sept. 19 (Bloomberg) -- President Barack Obama said tougher financial regulations are needed worldwide to protect consumers, provide economic stability and prevent future crises.

With the leaders from the Group of 20 nations set to meet next week in Pittsburgh, Obama said in his weekly address on the radio and Internet that international cooperation has “stopped our economic freefall.”

...
Is this Obama working on moving us to a one-world-government, or is this sensible cooperation with friendly countries?
2009-09-19 17:47:10
Spark
liquid fluoride thorium reactor
+874|6962|Canberra, AUS
Sensible. In a globalised world you need a regulatory system which is consistent so you don't get masses of companies going where they are most lax.
The paradox is only a conflict between reality and your feeling what reality ought to be.
~ Richard Feynman
2009-09-19 17:48:37
Turquoise
O Canada
+1,596|6692|North Carolina

Spark wrote:

Sensible. In a globalised world you need a regulatory system which is consistent so you don't get masses of companies going where they are most lax.
This, and the fact that it's in the best interests of global companies to have consistent policies from nation to nation.

International commerce is optimal when rules are standardized.  This doesn't require a one world government, but it does require some sort of organization, like the WTO.

 

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