Obama names 3 financial watchdogs

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Obama names 3 financial watchdogs
« Thread Started on Dec 18, 2008, 1:07pm »

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Obama names 3 financial watchdogs
Posted: 01:43 PM ET
By Jeanne Sahadi
CNNMoney.com senior writer
(CNNMoney.com) — President-elect Barack Obama on Thursday kept up his blistering pace of naming top officials by announcing three people he will nominate as financial regulators.
In a press conference in Chicago, Illinois, Obama said that “creating a regulatory structure that prevents broad systemic risk” will be a top priority in his administration.
“We have been asleep at the switch,” the incoming president said, referring to the failure of regulators, lawmakers and White House officials to foresee the systemic meltdown that has battered the economy and financial markets.