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AIG. Another Casualty of the McCain/Gramm Humbug, "Let the Market Work".

The U.S. government has agreed to provide an $85 billion emergency loan to rescue the huge insurer AIG, the The Federal Reserve said Tuesday. The Fed said the U.S. Treasury Department was in full support of the decision. The...

Posted on September 16, 2008 11:00 PM

John McCain on the Mortgage Crisis. Strongly Opposes Bailouts Except When They Are Needed

John McCain gave another of his 'pattoned' straight talks today this time, in Santa Ana, California. McCain was attempting to burnish up his economic credentials. The subject was the subprime mortgage/ steep drop in housing prices crisis. His speech offered...

Posted on March 25, 2008 5:35 PM

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