Thursday, September 25, 2008

McCain’s Record on Financial Regulation

Go to this page and read the comic strip.

McCain’s Record on Financial Regulation:

"If you aren’t concerned about the massive bailout of Freddy Mac and Fannie Mae by the US taxpayers, you should be.

For those of you keeping track, we’re not really bailing out US homeowners; we’re bailing out the bondholders of Freddy mac and Fannie Mae. The predominant bondholder? The central banks of Asian nations. How are we financing this bailout? Using US Government Treasury bonds. Who is buying those? The central banks of Asian nations. For now, at least."



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