John McCain on deregulation and removing regulatory laws on lending

[Ichingcarpenter]

March 2008, speaking to the Orange County Hispanic Small Business Roundtable:



and this:

“Our financial market approach should include encouraging increased capital in financial institutions by removing regulatory, accounting and tax impediments to raising capital.”

From his own website:
http://www.johnmccain.com/Informing/News/Speeches/bea72b48-35ba-48cb-8cea-b3b68b9be7ee.htm

March 2008, that McSame said this in an interview with the Wall Street Journal:

Q: In 1995, when the Republicans won control of both houses of Congress, you proposed a regulatory moratorium, but couldn’t get it passed. Would you declare such a moratorium if you were president?

A: I’m always for less regulation. But I am aware of the view that there is a need for government oversight. I think we found this in the subprime lending crisis — that there are people that game the system and if not outright broke the law, they certainly engaged in unethical conduct which made this problem worse. So I do believe that there is role for oversight.

As far as a need for additional regulations are concerned, I think that depends on the legislative agenda and what the Congress does to some degree, but I am a fundamentally a deregulator. I’d like to see a lot of the unnecessary government regulations eliminated, not just a moratorium.

http://online.wsj.com/article/SB120431596193503527.html?mod=Leader-US

[npincus]

1. this is an ad for Obama, right here... wish he'd make it!

K&R

[Ichingcarpenter]

2. Yeah, I thought it was an important find

I hope they use it or someone does.

[npincus]

3. kick

[DesertRat]

4. kick

:kick:

[secondwind]

5. I'd bet the ad is in the works right now........... :)

[pleah]

6. K&R!

:kick:

[crickets]

7. K&R