Obama, McCain actually agree on most terms of the Wall Street bailout
September 25th, 2008 at 12:33pm Pat Cunningham
 
Dan Balz of The Washington Post offers this observation:
“Ironically, Obama and McCain are now very close together on the terms of a deal. In this case, policy differences appear minimal. Both want independent oversight of how the Treasury secretary would buy up and then resell devalued securities. Both want the taxpayers to share in any profits. Both want Wall Street executives not to profit excessively. Both say the rescue package should be a first step toward revamping the regulation of the financial industry.”
Read the WHOLE THING.
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1 Comment Add your own
1. hokumboy | September 25th, 2008 at 4:24 pm
Does anyone know what percentage of the failed mortgages were first time buyers and what percentage were “flip houses” bought on speculation?
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