Our Terms of Service and Privacy Policy have changed.

By continuing to use this site, you are agreeing to the new Privacy Policy and Terms of Service.

20 of 22
BACKNEXT
Wall Street
In the wake of the credit crisis, both candidates have stressed the need for greater transparency and imposing capital requirements on financial institutions.

· Increase capital requirements on financial institutions.

· Remove some of the regulatory, accounting and tax impediments to raising capital.

· Examine how banks and other firms value assets that exacerbated the credit crunch.

· Increase transparency of complex financial instruments.

"Capital markets work best when there is both accountability and transparency. In the case of our current [credit] crisis, both were lacking." -- McCain*
· 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 October 29 2008: 12:15 PM ET
Source:
*March 25, 2008, Speech, Santa Ana, Calif.
**March 27, 2008, Speech, New York, N.Y.
More Galleries
Toy Fair surfaces holograms, robotic animals, dolls for boys The Toy Industry Association's annual fair revealed countless tech-enabled toys -- and some fresh takes on old classics. More
Super Bowl bound? Things to do in Houston besides the big game If you're one of the thousands of fans are headed to Houston for the Super Bowl Sunday, here are five things to do when you're not at the stadium. More
Sneak peek at Super Bowl 51 ads The ghost of Spuds MacKenzie and an ad about immigration steal the show in the swell of upcoming Super Bowl ads. Advertisers are paying, on average, $5 million for 30-second spots during Sunday's game on Fox. But if you want to watch something other than commercials, the New England Patriots happen to be playing the Atlanta Falcons. More

Special Offer