For starters at the Group of 20 summit today in Canada, President Barack Obama is stressing the fact that bank capital standards need to be increased while financial institutions should be regulated more strongly as a way to avoid another financial crisis and global meltdown. Leaders of the G-20 agreed on wanting to overhaul financial markets, yet they did not agree on how they were going to apply the new measures.

European leaders avoided any talk regarding bank capital while discussing credit rating companies, compensation, tax havens and hedge funds, as Europe's outlook is threatened from the debt crisis which is why this weekend, they have to come up with measures on how to tame the deficit that is spreading throughout the region.