Tuesday, October 07, 2008

Next question: How will bailout help Americans?

McCain is a natural at the town hall format, circling the arena, talking to the crowd. "Obama was the second highest recipient of Freddie Mac and Fannie Mae money in history," McCain said.

"Fannie and Freddie were the catalysts, the match that started this forest fire."

Obama said the bailout is to open up the credit market to enable companies to get loans. "That's why we had to take action."

Deregulation of the financial system is the biggest problem, Obama said, adding that McCain has been a big booster of deregulation.

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