Wednesday, March 26, 2008

john mccain speaks out about the housing crisis

Mr. McCain spoke at some length about the problems caused by lenders and by Wall Street, which bundled mortgages into securities that were chopped into pieces and resold to investors in the United States and abroad. But he did not call for any kind of legislative or regulatory measures to fix those problems, other than to say that the government should eliminate obstacles to the ability of financial institutions to raise more capital.


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