The Page

Candidates Chastise Wall Street, Washington Following AIG Bailout

Reuters

They release dueling statements following the Fed's unprecedented move to bail out AIG with $85 billion for a 79.9 % stake in the company.

MCCAIN STATEMENT: "We must not bailout the management and speculators who created this mess. They had months of warnings following the Bear Stearns debacle, and they failed to act." Read it here.

OBAMA STATEMENT: Calls the bailout "the final verdict on the failed economic philosophy of the last eight years." Read it here.

Plus: Pelosi calls for a wide probe of Wall Street. Details here.

Related Topics: News

More ways to get The Page

Powered by WordPress.com VIP