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Wall Street
In the wake of the credit crisis, Obama has stressed the need for greater transparency and imposing capital requirements on financial institutions.
· Impose liquidity and capital requirements on investment banks.
· Streamline regulatory framework of the financial services sector.
· Create an oversight commission that would advise the president, Congress and regulators on the health of and risks facing financial markets.
· Give Federal Reserve supervisory power over any bank that borrows from it.
"Let me be clear: the American economy does not stand still, and neither should the rules that govern it. The evolution of industries often warrants regulatory reform..." -- Obama*NEXT: Small Business
Last updated November 06 2008: 11:36 AM ET
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*March 27, 2008, Speech, New York, N.Y.
*March 27, 2008, Speech, New York, N.Y.
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