Monday, January 19, 2009

President Obama Brings Winds of Securities Regulatory Change

It is fitting that President Obama will take the oath of office today on the bible used by President Lincoln because, like Lincoln, he comes into office with a full blown crisis well underway. On the regulatory front, he must restore the shattered confidence in federal financial regulators and, more broadly, in the financial markets. He must also craft a securities regulatory model for the 21st Century, with full global consistency. But today I will not speak of global securities regulation, I will simply say God Bless President Obama and the United States of America as we continue to pursue President Lincoln’s vision of whether a nation in which we all have value can long endure.

For my white paper on the financial regulatory reforms likely to be effected by the Obama Administration and the 111th Congress please click here.