Claim: It's finger-pointing time again, with each candidates blaming the other for the financial crisis. McCain called Fannie Mae and Freddie Mac the "catalyst" for the crisis and blamed Obama for failing to sign on to a bill to rein in the FMs. Obama countered that it's a culture of deregulation and lack of oversight that caused the problem. We've been here before. Both candidates have a point: Democrats really have fought regulation of the FMs and McCain has in fact been in favor of deregulation.
Fact-check: Oversimplifying the Fiscal Crisis - FactCheck.org
Verdict: it's finger-pointing time again, with each candidates blaming the other for the financial crisis. mccain called fannie mae and freddie mac the "catalyst" for the crisis and blamed obama for failing to sign on to a bill to rein in the fms. obama countered that it's a culture of deregulation and lack of oversight that caused the problem. we've been here before. both candidates have a point: democrats really have fought regulation of the fms and mccain has in fact been in favor of deregulation.
Organisation: FactCheck.org
Author: Joe Miller
Date published: 2008-10-07T16:26:13