My Way News - Bush administration hopeful on summit
AP reports: "Europeans - led by British Prime Minister Gordon Brown and French President Nicolas Sarkozy- are seeking ambitious regulatory reforms coordinated among countries to prevent a repeat of similar housing, credit and financial debacles that are now imperiling the economies of the United States and the world. Instead, the Bush administration predicts world leaders will come together on broad principles of reform to better protect against future financial crises, promote regulatory cooperation among countries and identify the root causes of the crises at hand."