Obama's and McCain's statements on Fannie and Freddie

[antigop]

http://online.wsj.com/article/SB122064650145404781.html?mod=hpp_us_whats_news

Sen. John McCain, the Republican nominee for president, has said his goal is to make the companies "go away" and to push for regulation that "limits their ability to borrow, shrinks their size until they are no longer a threat to our economy and privatizes and eliminates their links to the government." Sen. McCain supported giving Treasury the authority to backstop the firms but has said any use of taxpayer funds should be combined with an ouster of management and a ban on lobbying by the companies.

Sen. Barack Obama, the Democratic nominee, has said the companies are a "weird blend" and that "if these are public entities, then they've got to get out of the profit-making business, and if they're private entities, then we don't bail them out."

[glowing]

1. Obama of course sounds better than McCaint.

[Muttocracy]

2. yes! nt

[elehhhhna]

3. In some respects I agree w/ both

we had no business bailing Bear Stearns, btw, but if the mort market croaks, this economy will dive faster than we can imagine.