Tuesday, March 25, 2008

McCain doesn't believe in "mortgage bail-out"

Republican Presidential nominee John McCain doesn't believe in a mortgage bail out.

"I have always been committed to the principle that it is not the duty of government to bail out and reward those who act irresponsibly, whether they are big banks or small borrowers," McCain said. "Government assistance to the banking system should be based solely on preventing systemic risk that would endanger the entire financial system and the economy."

Democrats have attacked McCain as not having the economic experience to lead a country on the brink of recession.

For the full story:

http://news.yahoo.com/s/ap/20080326/ap_on_el_pr/mccain_economy;_ylt=Apwo6MWBl_LyZyax0xa4RAWs0NUE

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