Foreigners seek role in oversight of U.S. markets

08/29/2007 |

Problems stemming from the recent meltdown in the subprime-mortgage market have spurred foreign regulators, financial specialists and politicians to seek a say in the oversight of ratings agencies, banks and markets in the U.S. "We need an international approach, and the United States needs to be part of it," said Peter Bofinger, a member of Germany's economics advisory board.

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