McCain takes credit for banking deregulation

Discussion in 'Politics' started by james_bond_3rd, Sep 20, 2008.

  1. Stop blaming Democrats. Straight from the horse's mouth:
    "I would also allow individuals to choose to purchase health
    insurance across state lines, when they can find more affordable
    and attractive products elsewhere that they prefer. Opening up
    the health insurance market to more vigorous nationwide competition,
    as we have done over the last decade in banking, would
    provide more choices of innovative products less burdened by
    the worst excesses of state-based regulation. Consumer-friendly
    insurance policies will be more available and affordable when
    there is greater competition among insurers on a level playing
    field. You should be able to buy your insurance from any willing
    provider—the state bureaucracies are no better than national
    ones. Nationwide insurance markets that ensure broad and vigorous
    competition will wring out excess costs, overhead, and
    bloated executive compensation."

    That's the article written by McCain (at least he signed his name as the author) on the current (Sept/Oct 08) issue of Contingencies:

    I heard Obama quoting this line today so went to check the source. Lo and behold it's there. Obama is going to ride this line all the way to election. Bet on it.
  2. Here is the video:
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    This is like a standup comedy
  3. Mercor


    Who is blaming the problems on deregulation. Only Obama is because he wants to control it under the Goverment.

    The problem is too much Goverment interference. The Dem have pushed for Freddie/Fannie to open itself to risker loans to help poorer people into houses. Of course, with every good govt intention there is a price to pay
  4. That doesn't even make sense. How would too much regulation allow ninja (no income, no job, no asset) loans. If there had been less regulation people would have been more likely to push these loans forward.

    If you're referring to the down payment assistance program, FHA loans are not subprime loans. The borrowers need to prove their income, job responsibility and creditworthiness.

    Try a different scapegoat.
  5. McCain also invented the Black Berry.

    Why isn't anyone talking about that?