McCain has spoken about the financial crisis at length, in a couple of places I do disagree with him. Much of the fault here does lie with Congress, and John seems unwilling to assign their portion of blame. Perhaps he’s saving that for the debates however, you’ve seen plenty of material here. One thing I do know: Capitalism works best with less regulations. This whole mess is because of a crazy quilt of financial regs including CRA that work at counter purposes and which result in two socialist government backed housing lending agencies both ripe for corruption and abuse.
Tag: street
Crisis, and how to Overcome it
While the markets tumble Barack Obama is hob-knobbing with Celebrities and High Rollers in Hollywood.:
The polls are one thing, but it sounds like Barack Obama might make progress in other ways during two ultra-rich Beverly Hills fund-raisers Tuesday. According to Politico, the events could raise more than $9 million, which, if it happens, would be a one-day record.
More also at Jammie Wearing Fool.
It is also noteworthy that Obama made a remark about the crisis:
“Eight years of policies that have shredded consumer protections; have brought us to the most serious financial crisis since the Great Depression.”
If things got “shredded” then the Democrat-controlled senate Anti-trust Competition and Consumer Rights Sub Committee helped, and Barack’s running mate, Senator Joe Biden, was a member of that committee.
