Obama Urges Global Action to Stem Market Turmoil

Reuters Oct 10, 2008
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Sen. Obama has called on global finance ministers to take coordinated action to offset the effects of the global financial crisis. (Dan Sanchez/The Epoch Tmes)
CHILLICOTHE, Ohio—U.S. presidential candidate Barack Obama said Friday that global finance ministers must take coordinated steps to calm the upheaval in financial markets.

"We need action now," the Democratic candidate told a campaign rally in Chillicothe, Ohio, calling for the Treasury to quickly implement the $700 billion rescue passed by Congress.

Financial ministers from major economies are meeting in Washington to consider drastic steps to stop panic selling in markets world-wide.

Obama said Group of Seven finance ministers "must take coordinated steps to restore confidence and to maintain our financial markets and institutions."

 

Last Updated
Oct 10, 2008

 
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