Sunday, September 07, 2008

McCain on the housing crisis:

From Slate:
"Our financial market approach should include encouraging increased capital in financial institutions by removing regulatory, accounting, and tax impediments to raising capital."
You can raise a lot of capital if you allow for fraud or incompetence.

Much was raised already (though it's now likely to be lost), thanks to the existing lax regulatory environment. McCain wan't more of that.


I guess Foreclosure Phil Gramm is still advising Granpa.

By Blogger Steve J., at 9/07/2008 4:18 AM  

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