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— President Barack Obama is funding tougher penalties on behalf of fiscal fraud considering a top dam Street manager called on behalf of extra tools to punish say again offenders.Obama assumed Tuesday he wants legislation as long as penalties with the aim of companies cant simply shrug sour what the cost of responsibility contract.Obama was speaking trendy Kansas on the subject of financially viable fairness.His call on behalf of tougher penalties comes days taking into consideration the chairman of the Securities and barter Commission, Mary Schapiro, asked the legislature Banking team on behalf of greater authority to fine companies and persons. She is seeking to raise the limits on fines under current law, as well as tripling penalties used for show again offenders.Schapiro issued her apply for in the same way as a critic struck down a $285 million settlement among Citigroup and the second.