balance sheets . `` What we 're looking at right now is to provide the Treasury and the Federal Reserve with as broad authority as necessary to stabilize markets and maintain credit , '' Obama said . `` We need a more institutional response to create a system that can manage some of the underlying problems with bad mortgages , help homeowners stay in their homes , protect the retirement and savings of working Americans . '' After meeting with his economic advisors , Obama said his team would not present a detailed economic plan at this time , `` given the gravity of this situation , and based on conversations I have had with both Secretary Paulson and Chairman Bernanke . '' Obama said he would not present his plan until the Treasury and Federal Reserve have presented theirs . `` It is critical at this point that the markets and the public have confidence that their work will be unimpeded by partisan wrangling , and that leaders in both parties work in concert to solve the problem at hand , '' Obama said . Later , Obama held a rally , at the University of Miami , which
-LRB- CNN -RRB- -- Democratic presidential candidate Sen. Barack Obama on Friday called for an economic plan for working families , saying , `` We can not only have a plan for Wall Street . Sen. Barak Obama speaks at a campaign rally in Coral Gables , Florida , Friday . `` We must also help Main Street , '' he said . While `` tough new regulations on financial institutions '' are needed , the Illinois senator called for an emergency economic plan for working families . Obama spoke after meeting with his economic advisers in Coral Gables , Florida . Watch Obama call for help for Main Street '' Obama on Friday also backed administration and congressional leaders ' efforts to develop a `` a more stable and permanent solution '' to the U.S. financial crisis . Watch Obama talk about how working Americans need help in this economy Obama 's statement came after Treasury Secretary Henry Paulson , Federal Reserve Chairman Ben Bernanke and Securities and Exchange Commission Chairman Christopher Cox met with congressional leaders to discuss a plan that would allow banks to get rid of bad mortgage-related assets that have been a drag on their