Fate of bailout plan in McCain’s hands?
September 24th, 2008 at 08:51am Pat Cunningham
 
It says HERE that the Wall Street bailout plan can’t win congressional approval if John McCain doesn’t vote for it.
But former House Speaker Newt Gingrich SAYS the bailout is a political loser and warns McCain against embracing it.
Clearly, there are downsides for McCain no matter what he does, especially with polls SHOWING that the American public blames Republicans, by a 2-to-1 margin, for the financial crisis.
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3 Comments Add your own
1. Mike Carroll | September 24th, 2008 at 9:48 am
And 90% of the American Public doesn’t have a clue regarding how we got in this mess and we certainly can’t rely on the MSM to educate them.
2. DingDong | September 24th, 2008 at 2:11 pm
Thank you Mike. Nobody wants to look at variables that caused. It did not happen overnight.
3. bannernews | September 24th, 2008 at 6:34 pm
1. 100% financing to people with questionable credit histories.(Fannie/Freddie)
2. Packaging poor loans as mortgage backed securities and lying about the risk. (Wall Street)
3.Insuring this garbage with insufficient reserves (AIG)
Where was the oversight?
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