Wolf Blitzer interviews Lynn Forester De Rothschild, one of these people is a beltway elitist, can you figure out which it is?
Day: September 17, 2008
Barack Obama Tried to Delay Troop Returns: Negotiated in Iraq
Barack Obama is under fire for trying to negotiate delayed troop withdrawals until “his administration” was in place while he was over in Iraq.
John McCain on the AIG Bailout
ARLINGTON, VA — Today, U.S. Senator John McCain issued the following statement on the situation in the financial markets and AIG:
“Today, the government was forced to commit $85 billion to stop the collapse of AIG, another in a growing series of events that includes Bear Stearns, Lehman Brothers, Fannie Mae and Freddie Mac. These actions stem from failed regulation, reckless management, and a casino culture on Wall Street that has crippled one of the most important companies in America. The focus of any such action should be to protect the millions of Americans who hold insurance policies, retirement plans and other accounts with AIG. We must not bailout the management and speculators who created this mess. They had months of warnings following the Bear Stearns debacle, and they failed to act.
“We should never again allow the United States to be in this position. We need strong and effective regulation, a return to job-creating growth and a restoration of ethics and the social contract between businesses and America. Important questions remain to be answered by Wall Street. Did executives mislead investors and regulators about the severity of the problem? We must investigate whether or not there was misrepresentation on part of the company executives. If there was, there must be penalties. We need to change the way Washington and Wall Street does business, and as President I will.”