Sat Mar 13, 2010 12:41am EST
PALO ALTO, Calif., March 12 (Reuters) - The United Statesshould rethink domestic and global financial regulation,Lawrence Summers, director of the the White House"s NationalEconomic Council, said on Friday.
"There is every reason to believe that pure marketsolutions are not viable," Summers told a Stanford Institutefor Economic Policy Research conference in a speech calling fortighter regulation of big institutions to lessen risk ofanother financial crisis. (Peter Henderson, San Francisco Newsroom +1 415 677 2541)
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