Obama to Receive Endorsement
Of 3 Former SEC Chairmen Quote:
Three former chairmen of the Securities and Exchange Commission will publicly endorse Democratic Sen. Barack Obama's bid for the presidency Wednesday, including one who served under President Bush.
William Donaldson, who was SEC chairman for about 2½ years from early 2003, along with Clinton and Reagan appointees Arthur Levitt and David Ruder, will join former Fed Chairman Paul Volcker in endorsing Sen. Obama, his campaign said. Mr. Volcker endorsed Sen. Obama in January.
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Quote:
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Wall Street may remain leery of Sen. McCain; the Republican candidate has offered few concrete proposals for improving the nation's financial outlook and preventing future crises in the credit markets. Although he has begun speaking more frequently about the economy, Sen. McCain has repeatedly said his expertise is foreign policy, not markets. Words he uttered to reporters in December, "The issue of economics is not something I've understood as well as I should," are likely to haunt him this fall.
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Obama to Receive Endorsement Of 3 Former SEC Chairmen - WSJ.com
I guess it's no surprise the Wall Street regulators have chosen Obama, but McCain is still asleep at the switch to allow this to happen so early in the campaign.