The second approach to taming the dan gers of globalization could hardly be more different. It suggests the creation of new institutions to lend structure and direction to the global marketplace, complementing what is seen as the constructive but inadequate roles of the IMF and other bodies. For example, George Soros, arguing that"international capital movements need to be supervised and the allocation of credit regulated," has recommended creating the international equivalent of the United States' Fannie Mae, which guarantees residential mortgages for a fee. He calls for the establishment of an"Interna tional Credit Insurance Corporation" that would guarantee private sector loans up to a specified amount for a modest charge, while that the borrowers' home requiring countries provide a complete financial picture in order for to qualify them Henry Kaufman, a Wall Street econ omist, would go even further, creating a "Board of overseers of Major International Institutions and Markets" that would set minimum capital requirements for all institutions, establish uniform accounting and lending standards, and monitor performance. It would even discipline those who did not meet these criteria by limiting the ability of those who remained outside the system to lend, borrow, and sell.