Finally : The Financial Reform

Associated Press
President Barack Obama

The President want to have a new Finance Reform to decrease economy crisis in the future, in his weekly radio address Saturday ( September 19th ), he said : " We can not allow the thirst for reckless schemes that produce quick profits and fat executive bonuses to override the security of our entire financial system and leave taxpayers on the hook for cleaning up the mess ".

" While many folks took on more than they could afford, too often folks signed contracts they didn't fully understand, offered by lenders who didn't always tell the truth. That's why we need clear rules, clearly enforced ".

Mr. Obama proposed Consumer Financial Protection Agency is key to achieving consumer protection initiatives and retooling how Wall Street conducts business.
Mr. Obama plans to discuss with G - 20 leaders ways " to safeguard our global financial system and close gaps in regulation around the world ".

The G - 20 leaders will gather in Pittsburgh, Pennsylvania September 24th - 25th, 2009. The Group of 20 consists of G - 7 countries member : Canada, France, Germany, Great Britain, Italy, Japan and the United States began in 1975 plus Russia ( 1998 ) = G 8 and Emerging nations : Argentina, Australia, Brazil, China / PRC, the European Union, India, Indonesia, Mexico, Saudi Arabia, South Africa, South Korea and Turkey in their first meeting ( 1999 ).

In my opinion I agree with Mr. Obama's wish, I think if Wall Street / business have regulation / play rules, the consequences of this economy crisis will not worst like we have right now; The Obama administration's new rules will absorb www.wallstreetbusiness.com or The wild wild west.wall street business.com(bat)

Everything have rules ( stars, comets, our Solar system / universe, wind, typhoon, seasons, flowers, fruits, at school, at your office, at your house, in the dining room, in a community, at a meeting, traffic on the street, sea traffic, air traffic, as a soldier, as a citizen, etc. ) all have rules, also in business with clearly terms & services with good rules / regulation the negative impact of not normal situation can reduce.