Posts Tagged ‘recession’

Hey John, the Financial Services Modernization Act of 1999 fostered the Morgtage problem— Wall Street just rode the wave

April 19, 2008

From The Washington Times McCain blames ‘greedy’ for recession By Stephen Dinan April 14, 2008 click to read more.
U.S. Senator John McCain, R-Arizona, addresses the Associated Press annual meeting and answers questions of reporters during the AP Annual Meeting at the Washington Convention Center. (Astrid Riecken/The Washington Times)       Sen. John McCain this morning said “greedy” Wall Street investors are partly to blame for what he said is probably an economic recession the nation is now suffering.     “There has to be a modification of the greedy behavior of some of these people,” he said, using the word “greedy” repeatedly in remarks to the Associated Press annual meeting at the Washington Convention Center today. Is McCain out of touch?