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Topsy turvy

US socializes/nationalizes/takes into “conservartorship/public ownership the two huge banks Freddie Mac and Fannie Mae. That is not all however. The republican McCain is for the socialization and the democrat Barack Obama against:

Paulson had briefed presidential candidates Barack Obama and John McCain over the weekend about the plan. McCain gave it his immediate backing but Obama said he would reserve judgment until he saw further details, adding that determining the future of the companies would be a top priority if he won the White House.

“We have to protect taxpayers and not bail out the shareholders and management,” he said.

One Comment

  1. Haskuu wrote:

    Kiinnostavan sivu: http://www.europevotes.com

    Tuesday, October 14, 2008 at 11:56 am | Permalink

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