During the Sarah Palin interview Katie Couric tried a gotcha by excluding the pertinent piece of McCain legislation in which he tried to reform Fannie and Freddie. So here’s the history of other things John McCain has done for Katie’s edification:
The Washington Post: “[W]hen It Comes To Regulating Financial Institutions And Corporate Misconduct, Mr. McCain’s Record Is More In Keeping With His Current Rhetoric.” (Editorial, “‘Always For Less Regulation?'” The Washington Post, 9/19/08)
John McCain Urged Action More Than Two Years Ago, Co-Sponsoring Legislation To Reform Fannie Mae And Freddie Mac Warning: “If Congress Does Not Act, American Taxpayers Will Continue To Be Exposed To The Enormous Risk That Fannie Mae And Freddie Mac Pose To The Housing Market, The Overall Financial System, And The Economy As A Whole.” McCain: “I join as a cosponsor of the Federal Housing Enterprise Regulatory Reform Act of 2005, S. 190, to underscore my support for quick passage of GSE regulatory reform legislation. If Congress does not act, American taxpayers will continue to be exposed to the enormous risk that Fannie Mae and Freddie Mac pose to the housing market, the overall financial system, and the economy as a whole.” (Office Of U.S. Senator John McCain, “McCain Statement On Co-Sponsorship Of The Federal Housing Enterprise Regulatory Reform Act Of 2005,” Press Release, 5/26/06)
In 2002, McCain Called For Greater Oversight Of Financial Markets Following Accounting Scandals. “In the aftermath of the Enron collapse and other accounting scandals, he was a leader, with Sen. Carl M. Levin (D-Mich.), in pushing to require that companies treat stock options granted to employees as expenses on their balance sheets. ‘I have long opposed unnecessary regulation of business activity, mindful that the heavy hand of government can discourage innovation,’ he wrote in a July 2002 op-ed in the New York Times. ‘But in the current climate only a restoration of the system of checks and balances that once protected the American investor — and that has seriously deteriorated over the past 10 years — can restore the confidence that makes financial markets work.'” (Editorial, “‘Always For Less Regulation?'” The Washington Post, 9/19/08)
McCain Led The Charge To Remove Former SEC Chairman Harvey Pitt. “Mr. McCain was an early voice calling for the resignation of Securities and Exchange Commission Chairman Harvey Pitt, charging that he ‘seems to prefer industry self-policing to necessary lawmaking. Government’s demands for corporate accountability are only credible if government executives are held accountable as well.'” (Editorial, “‘Always For Less Regulation?'” The Washington Post, 9/19/08)
There’s much more here.