Pagliuca Calls For Financial Literacy Campaign

Senate candidate Stephen Pagliuca is proposing a nationwide campaign on financial literacy.

The Democrat is calling for greater capital reserves, more transparency across financial markets and more communication between financial agencies.

Pagliuca, who co-owns the Boston Celtics, built a personal fortune estimated at $400 million while serving as a managing director at Bain Capital.

Other Democrats challenging him in the race to succeed the late Sen. Edward Kennedy are Attorney General Martha Coakley, Rep. Michael Capuano, and City Year founder Alan Khazei.

State Sen. Scott Brown is seeking the Republican nomination.