Trust Deficit

When speaking at the Presidential Transition office in Washington, D.C. on January 8th to flesh out details of his economic stimulus plan, President-Elect Obama said, “Our problem is not just a deficit of dollars – it’s a deficit of accountability, a deficit of trust.”

“Wall Street has not worked, our regulatory system has not worked the way it’s supposed to. We’re going to have better enforcement, better oversight, better disclosure, increased transparency.”