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McCain: I’m glad I deregulated Wall Street.
Think Progress —
In the wake of last week’s financial meltdown, Sen. John McCain (R-AZ) has been calling for more regulation and criticizing lax oversight of Wall Street, despite the fact that he and former senator Phil Gramm passed much of the deregulatory reforms that led to the current crisis. Interviewed on CBS today, however, McCain said he does not “regret” championing the deregulation of Wall Street:
Q: In 1999, you were one of the senators who helped pass deregulation of Wall Street. Do you regret that now?
McCAIN: No. I think the deregulation was probably helpful to the growth of our ...
John McCain still proud of his vote to deregulate Wall Street in 1999
AMERICAblog News| A great nation deserves the truth —
Just me, or is anyone else starting to think that McCain's turned into kind of an himbo? John McCain on 60 Minutes, 9/21/08 Scott Pelley: In 1999, you were one of the senators who helped pass deregulation of Wall Street. Do you regret that now? John McCain: No, I think the deregulation was probably helpful to the growth of our economy.
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U B S(uckered)
Firedoglake —
Awesome!
The prospect of being locked out of the bailout set off alarm bells among chief executives of overseas banks whose American affiliates also hold distressed mortgage-related assets, like Barclays and UBS. The original text provided access to the $700 billion bailout for any ...
U B S(crewed)
Rising Hegemon —
Awesome! The prospect of being locked out of the bailout set off alarm bells among chief executives of overseas banks whose American affiliates also hold distressed mortgage-related assets, like Barclays and UBS. The original text provided access to the $700 billion bailout for any financial institution based in the United States. As the day wore on, some raised their concerns with the Treasury Department...By Saturday evening, the language had been changed to allow any financial institution “having significant operations” in the United States. Phil Gramm, of course, is ...
McCain stands by deregulation
Political Animal —
MCCAIN STANDS BY DEREGULATION.... I thought I'd finally figured it out. John McCain loved deregulation -- of everything -- and now, faced with the crisis on Wall Street, he's rediscovered the benefits of economic populism. Earlier this year, McCain's position was unambiguous ...
McCain Doesn’t Regret Financial Dergulation; Says It Was “Helpful”
Firedoglake —
On "60 Minutes" last night, McSame refused to disown the reckless financial deregulation of Wall Street he championed, which experts are universally blaming for the worst crisis since the Great Depression recent market adjustments.
PELLEY: In 1999, you ...
Jesse Lee: 43 Days Out: If You Liked What We Did With Wall Street...
Politics on HuffingtonPost.com —
Jesse Lee is the Online Rapid Response Manager for the DNC, this is a daily update on the day's messaging.
Regrets, I've had a few... but not John McCain! John McCain's flip flop on his steady record of supporting deregulation (e.g. "I'm always for less regulation") might be somewhat more convincing if he showed just the slightest sense of reevaluation or regret. Well last night on 60 Minutes he got his big chance:
Scott Pelley: In 1999, you were one of the senators who helped pass deregulation of Wall Street. Do you regret that now?
John McCain: No, I think the deregulation was probably helpful to the growth of our ...
McCain's Campaign Manager Paid $2 Million To Do...Nothing?
Daily Kos —
As the depth of our financial crisis has unfolded over the past week, the drip, drip, drip of bad news has steadily rained down on John McCain's head. And now, after trying to falsely link Barack Obama to Fannie Mae, today's news has to be filed under, you can't make this stuff up: Senator John McCain’s campaign manager was paid more than $30,000 a month for five years as president of an advocacy group set up by the mortgage giants Fannie Mae and Freddie Mac to defend them against stricter regulations, current and former officials say. [...] "The value that he brought to the relationship was the ...
