|
|
|
|
Last quarter, the economy grew by the largest amount since the summer of 2007, but there are signs that things are still getting worse. More
"Ensuring effective functioning of our financial markets is not solely an issue of how we rearrange the chairs that regulators sit in; or who the regulators report to. It's also about what the regulators are mandated to do, and whether they act.
Barack Obama, D-Ill.
"He is introducing some consolidation and streamlining of the regulatory system on Wall Street, but he is not making the regulations any tighter.
He is not preventing the predatory lending that is responsible for a lot of these problems."
John McCain, R-Ariz.
"[T]his long overdue regulatory reform is necessary to regain the trust of the American investor. Our current system was designed over 70 years ago, and times and markets have changed dramatically. This is a classic case of special interests preserving outdated agencies at the expense of the public good. ... What is obvious from the recent situation is that we did not have enough oversight and homeowners have been hurt. ...
"While these reforms are likely to help prevent a recurrence of this financial debacle, a higher immediate priority is addressing the current economic pain being felt by too many Americans."
NEXT: Rep. Barney Frank, D-Mass.
RSS* : Time reflects local markets trading time. † - Intraday data delayed 15 minutes for Nasdaq, and 20 minutes for other exchanges. Disclaimer
| Copyright © 2009 BigCharts.com Inc. All rights reserved. Please see our Terms of Use. MarketWatch, the MarketWatch logo, and BigCharts are registered trademarks of MarketWatch, Inc. Intraday data provided by Interactive Data Real-Time Services and subject to the Terms of Use. Intraday data is at least 20-minutes delayed. All times are ET. Historical, current end-of-day data, and splits data provided by Interactive Data Pricing and Reference Data. Fundamental data provided by Morningstar, Inc.. SEC Filings data provided by Edgar Online Inc.. Earnings data provided by FactSet CallStreet, LLC. |
