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Tuesday, September 16, 2008

So, Senator...where were you when all this was going on?
Posted by Jill | 8:34 AM
John McCain's answer to the credit crisis on Wall Street? His "bold plan" to "restore transparency and accountability"?

Yup. Form a commission to study it:




So what's he saying, that he's been asleep while Wall Street firms packaged bad debt and sold it as "investment vehicles"?

So, Senator, what do you think of the fact that your own campaign's financial adviser, Phil Gramm, who's up to his eyeballs in this and who lobbied Congress to stop legislation that would have instituted industry regulations that could have PREVENTED this crisis? Do you want your so-called "commission" to take a look at that? Or how about back in March, when you blamed people who bought houses they couldn't afford because they believed shyster mortgage brokers who told them they could -- and at the same time called for even MORE deregulation to "eliminate obstacles to the ability of financial institutions to raise more capital."

McCain invoked the 9/11 Commission as a model. But if that's the case, then why was the roll call on enacting the recommendations of the 9/11 Commission the ONLY vote he missed on March 13, 2007?
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1 Comments:
Blogger Steve said...
He needs an even newier slogan than his, now outdated, new slogan:

Change we can bank on !

That should fix it.
9/16/08, 12:27 PM  
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