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Quotes from Sen. Obama to CNBC's John Harwood regarding financial crisis

Below are two excerpts from CNBC's exclusive interview with Sen. Obama with CNBC Chief Washington correspondent John Harwood. Full unofficial transcript will be released today at 8 PM ET. The interview was conducted today in Charlotte, NC.

All references must be sourced to CNBC:

John HARWOOD: You've been briefed on this plan the Treasury is putting forward, working out with Congress. How confident are you that this is going to work?

Sen. OBAMA: Number one, I think we have to have oversight. I don't think it can be a blank check. We can set up a system where there's an independent overseer, maybe the chairman of the Federal Reserve Bank and the Democrats and the Republicans each appoint somebody to oversee the system. But we have to makesure that this is--there's some accountability mechanism in it.

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HARWOOD: Would you consider having (Treasury Secretary Henry M.) Paulson stay on?

Sen. OBAMA: I would certainly want to make sure that Paulson was involved in the transition. That doesn't necessarily mean that he'd end up being the secretary Treasury, but I think it's important for us to make sure that those who are currently in charge when it comes to the financial crisis and defense and intelligence, that they are deeply involved in the transition process.




About CNBC:
CNBC is the recognized world leader in business news, providing real-time financial market coverage and business information to more than 340 million homes worldwide, including more than 95 million households in the United States and Canada. The network's Business Day programming (weekdays from 5:00 a.m.-7:00 p.m. ET) is produced at CNBC's headquarters in Englewood Cliffs, N.J., and also includes reports from CNBC news bureaus worldwide. Additionally, CNBC viewers can manage their individual investment portfolios and gain additional in-depth information from on-air reports by accessing http://www.cnbc.com.

Members of the media can receive more information about CNBC and its programming on the NBC Universal Media Village Web site at http://nbcumv.com/cnbc/.