In other words, when Congressional oversight of banks forces banks into taking risks they canâ€™t afford, the solution is more Congressional oversight of banks. To put it more plainly: When the boat is taking on water, open up the taps.
Talking about McCain’s hinting that there might need to be some undefined level of increased government regulation to get us out of this mess.
One thought on “Financial Crisis Quote of the Day”
Obama got a whole lot of money in campaign contributions from Freddie Mac and Fannie Mae during his in his three complete years in the Senate. Former executives of these companies are now among his campaign advisers also.
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