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Posted in Election 2008
From the NYTimes:
Senator John McCain, the Republican, claimed Friday that “the administration did nothing” to rein in the mortgage giants Fannie Mae and Freddie Mac, even though the White House did push some reforms on Capitol Hill.
Posted in Election 2008

Finally, when we get past the immediate challenges, my administration looks forward to working with Congress on measures to bring greater long-term transparency and reliability to the financial system.
In this difficult time, I know many Americans listening may be wondering about the security of your finances. Through the F.D.I.C., every savings account, checking account and certificate of deposit is insured by the federal government for up to $100,000. The F.D.I.C. has been in existence for 75 years, and no one has ever lost a penny on an insured deposit. And this will not change.
Posted in Election 2008







See the Full John McCain Ad Here:
The Latest McCain Fear-Mongering Ad








Posted in Election 2008

From the NYTimes:
Mr. McCain also called for the creation of a new entity to try to keep institutions solvent and that would sell off the troubled assets of ailing financial firms. “I am calling for the creation of the mortgage and financial institutions trust – the M.F.I.,’’ he said. “The priorities of this trust will be to work with the private sector and regulators to identify institutions that are weak and take remedies to strengthen them before they become insolvent. For troubled institutions this will provide an orderly process through which to identify bad loans and eventually sell them.”
Posted in Election 2008
… on foreign policy especially. I could never support somebody who thinks it’s funny to say, ‘Bomb bomb [bomb, bomb bomb] Iran.’”
Posted in Election 2008