Obama team considers ways to battle financial crisis

12/17/2008 | Wall Street Journal (free content), The

President-elect Barack Obama and his incoming administration are looking into a variety of measures to tackle the financial crisis and boost the economy. The Obama team is considering establishing a market for illiquid assets, injecting more capital into financial institutions and offering help to struggling homeowners. "We are looking at a number of initiatives that will allow us to move aggressively and responsibly to address the economic and financial crisis both on Wall Street and Main Street, including programs to provide targeted foreclosure relief," said Stephanie Cutter, a spokeswoman for Obama.

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Wall Street Journal (free content), The

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