Barack Obama actually said...

"This effort is vital not only for protecting U.S. investors in global markets, but for protecting our financial sector from the consequences of a global regulatory race to the bottom."

"The most important goal of government support must be to get banks lending again by ensuring they are properly capitalized."

"We need to regulate institutions for what they do, not what they are."

"The Bush Administration fundamentally saw the internationalization of financial markets as a pretext for weakening U.S. investor protections."