- The Washington Times - Wednesday, April 1, 2009

LONDON (AP) - When it comes to fixing blame for the global financial crisis, President Barack Obama says the United States “certainly has some accounting to do.”

He says the nation’s regulatory system couldn’t keep up with the big changes taking place in the world’s financial system. But he adds that the same is true in Britain, and in the rest of Europe and elsewhere in the world.

Obama was asked at a news conference Wednesday in London with British Prime Minister Gordon Brown about the finger-pointing at the U.S. and Britain over the crisis.

He says he’s less interested in identifying blame than in fixing the problem. And Obama says there’s an “enormous consensus” emerging on what to do.

Brown added that it’s a “global problem” that requires a “global solution.”

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