Wall Street crashes the 2008 election

Tipo de cambio 19 de setiembre
Euro vs. Dólar 1.4336
Dólar vs. Euro 0.6975


Wall Street crashes the 2008 election

The dramatic collapse of top-tier financial institutions is reshaping more than the markets; it's recasting the landscape of the Obama and McCain campaigns.
advertisement


Wall Street just jumped into the race for the White House in a big way.

The deepening crisis in the financial markets, along with the government's decision to lend taxpayer assistance for a growing list of troubled companies, is taking center stage for both presidential campaigns.

The issue is also offering voters a peek at each candidate's approach toward market regulation. Both campaigns are fervently advocating tougher government oversight -- a departure from the Bush administration's more hands-off approach to financial matters.

Sen. Barack Obama (D-Ill.) argues that America needs a "21st-century regulatory system" and has seized on the liquidity crisis as an indictment of Republican policies.

"What we've seen the last few days is nothing less than the final verdict on an economic philosophy that has completely failed," Obama said this week in a speech in Golden, Colo.

* Talk back: Will the Wall Street meltdown affect your vote?

Sen. John McCain (R-Ariz.), a longtime critic of excessive government intervention, vowed this week to "put an end to running Wall Street like a casino."

At an Orlando rally on Sept. 16, McCain called for a high-level commission to investigate the securities industry and for ending "multimillion-dollar payouts to CEOs that have broken the public trust."

bolsaWallstreetwall+streetmodelofotosbolsa+de+valoresinternetgananciaseurodolares

Post Relacionados