John McCain: Speech 03/25/08

John McCain
Speech
Santa Ana, CA 03/25/08

TRANSCRIPT:
JOHN MCCAIN: 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.

In our effort to help deserving homeowners, no assistance should be given to speculators. Any assistance for borrowers should be focused solely on homeowners, not people who bought houses for speculative purposes, to rent or as second homes. Any assistance must be temporary and must not reward people who were irresponsible at the expense of those who weren't. I will consider any and all proposals based on their cost and benefits.

LABEL: JM CA 3-25 (JC#121) AGZZ - ClipM

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Category:

News & Politics

Tags:

• TRACKING
• JOHN
• MCCAIN
• housing
• irresponsible
• houses
• crisis
• economy
• hard
• line

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