"Substantial Overhauling" might happen to financial markets in the coming months soon after the inauguration of the president elect Barack Obama as claimed that Wall Street has not worked, so its need a substantial overhauling which will include major twist in some regulatory agency.
Obama also said he wants to avoid living in a "bubble" and will pay close attention to how financial markets react to his policies.
"Given the sensitivities of the market, I've got to pay some attention to market psychology," he said. "Because part of what we have right now is such a loss of trust both in the marketplace and in government. Restoring that trust— restoring that confidence—is going to be very important."
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