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Presidential candidates
Presidential candidates
Hillary Clinton, D-N.Y.
"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 This is a classic case of special interests preserving outdated agencies at the expense of the public good.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.

Last updated March 31 2008: 6:07 PM ET

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