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Tuesday, March 25, 2008

Mortgage McCainomics

Andrew Sullivan praises McCain's "tough love" on mortgages. Here's from McCain's speech:
I have always been committed to the principle that it is not the duty of government to bail out and reward those who act irresponsibly, whether they are big banks or small borrowers. Government assistance to the banking system should be based solely on preventing systemic risk that would endanger the entire financial system and the economy.
Not bad. And better yet, he doesn't say he'd be "Commander-in-Chief of our economy."

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