As Barack Obama was elected as the US president on Tuesday, what will be the most important item in his agenda? As public has observed throughout the President's campaign, investors are certain that tougher rules are coming.
"Overhaul of the government's financial services regulatory structure, consolidation of charter types, tougher liquidity and capital requirements, bankruptcy and credit card reform are all on the table," said William Donovan, a partner at the Venable law firm in Washington and former general counsel of the National Association of Federal Credit Unions.
Obama has proposed an economic stimulus plan that would include money for infrastructure, and he favors reforming the bankruptcy code to help homeowners and make it easier to restructure troubled mortgages.
Obama has also been supportive of infrastructure spending as a way to create jobs -- something that will no doubt take on greater urgency on Friday when the government releases its October employment figures. The report is expected to show 200,000 jobs lost in October, which would make it the weakest month of the year.
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