Toxic financial products need to be monitored

Calls Grow for Foreigners to Have a Say on U.S. Market Rules

http://www.nytimes.com/2007/08/29/business/worldbusiness/29regulate.html?_r=1&oref=slogin&pagewanted=all

Why should the rules of lending in the U.S. be left to U.S. regulators when the consequences go everywhere? Good question indeed. Fair enough. When the United States of America demand toys to be recalled, international investors should also call for the recall of the toxic Asset-backed Securities. To protect our financial well-being, we can't sit back and let the US regulators regulate themselves. Action needs to be taken.