The results are in and after a long and contentious campaign, America has declared Barack Obama the next President of the United States.No matter your position on the political spectrum, we can probably all agree that Obama will usher in an era of change for this country as he takes us in a vastly different direction. Whether that change will be good or bad remains to be seen.
One thing is for sure though--he's going to have his hands full with the economy. I just hope Obama surrounds himself with intelligent economists and business people who have logical ideas as to how to help our economy recover. The last thing we need is for a bunch of career politicians with little or no background in economics calling the shots in Congress (unavoidable though that might be).
Unfortunately, banks and other financial services firms will likely be faced with a slew of new regulations and a serious regime of enforcement. This would have been true under a McCain administration as well, but the evidence suggests we should expect it to a greater degree from Obama.
I guess it's probably a good time to be a risk management technology provider.